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Covering 56,000 square kilometers, the area had a combined population of about 70 million at the end of 2017, and its GDP reached around 10 trillion yuan (about .5 trillion) in 2017.

Consumer price index (CPI), a main gauge of inflation, accelerated more than expected to a seven-month high of 1.8 percent in August, up from July's 1.4 percent, beating market expectation of 1.6 percent, according to data released by the National Bureau of Statistics (NBS) Saturday.On a monthly basis, the index was up 0.4 percent last month.

Consumer goods manufacturing also rose to 52.2, indicating an increasingly important role it plays in the economy, Zhao said.

Continued rebound prompts economists to raise forecast on China's GDP growth

Core products and technologies of some State-owned enterprises, such as high-speed rail, smart grid, Tiangong space laboratories and manned deep-sea submersible, have reached the world's advanced level, Xiao added.