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China's economy expanded by a forecast-beating 6.9 percent in 2017, speeding up for the first time in seven years and well above the government annual target of around 6.5 percent.

China's modest 2020 military budget growth is "reasonable and necessary" to address security issues both at home and abroad, while striking a balance with the nation's economic development, Senior Colonel Wu Qian, spokesman of the Ministry of National Defense, said on Tuesday.

China's international trade in services grew by 17 percent year-on-year to 7.31 billion in the first half of 2018, setting a record even amid the current global economic troubles, the Ministry of Commerce said.

China's draft proposal on the fuel consumption of conventionally-powered vehicles and production of new energy vehicles is expected to further stimulate the country's market for electric cars, plug-in hybrids and fuel cell vehicles, according to analysts.

China's daily train trips had exceeded 10 million for eight consecutive days by Wednesday, the railway operator said.