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China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.

China's consumer and factory inflation in June show little indication that inflation will become a destabilizing factor in the economy despite some level of pressure from trade conflicts with the United States, according to analysts.

China's digital economy reached 31.3 trillion yuan (about .6 trillion) in 2018, accounting for 34.8 percent of the country's total GDP.

China's measures for further opening-up will have ramifications that "are as profound as" the country's opening of its trade policy regime and accession to the WTO two decades ago, Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, said in a recent interview.

China's economy has entered a period featuring medium-high growth rather than fast growth, along with upgraded economic structure and innovation. The changes in the world's second-largest economy are driving demand for skilled workers and entrepreneurs.