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China's supply-side structural reform has improved the earnings of traditional companies, while firms from many new industries reported robust growth, a sign of improved economic growth, the bourse said.

Chinatowns still safe

China's urbanization will continue to drive economic growth, as it "gives a lot of potential for investment in infrastructure and potential investment in education," said Keidel, a former senior economist at the World Bank's Beijing office.

China's social etiquette and civility shall be further enhanced, while the core socialist values shall be embraced by the people. A significant improvement is expected to be made in people's intellectual and moral integrity, cultural and scientific qualities, as well as physical and mental health.

China's private investment contracted 7.3 percent in the first half of this year. The decrease narrowed 2.3 percentage points from that in the January-May period, but was still 4.2 percentage points down when compared with the fixed-asset investment growth.