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China's huge population and rising consumption power, coupled with its self-contained and self-sustaining economy, make it an attractive market. The rise of Chinese millennials also is driving growth.

China's northernmost city Mohe in Heilongjiang province welcomes the first snow in the second half of the year on Sunday, about 25 days earlier than last year. [Photo by Wang Jingyang for chinadaily.com.cn]

China's loan commitment to the Belt and Road countries will be fulfilled in the next 3 years or so, Hu predicted. CDB will adhere to the market-oriented operating principle of the fund, offering key support to infrastructure construction, production capacity and financial cooperation, he added.

China's online population hit 772 million last year. About 10.4 percent were over 50, and 5.2 percent were over 60, up 1.2 percent from 2016, according to the China Internet Network Information Center.

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.