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China's emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China's innovative ability to the citizens in the country half a world away.

China's manufacturing activities also expanded at the fastest pace in four months in July on the back of economic stabilization, according to a survey conducted by Markit and sponsored by Caixin Media Co Ltd on Tuesday.

China's headline growth has stabilized due to housing investment picking up over the past few quarters. However, the leading housing investment, and housing prices, indicate that the property sector is likely to experience a deceleration in the second half of this year.

China's crude oil demand will surge next year, as the nation's economic activity recovers strongly following the COVID-19 outbreak, according to the Organization of the Petroleum Exporting Countries.

China's international balance of payments maintained a basic equilibrium with both the current account and non-reserve financial account in surplus, the newly-released data showed.