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Despite the slowdown in growth momentum, Caixin said services companies' confidence towards the year ahead improved slightly in June. The 12-month business outlook edged up to a five-month high in June, with some firms linking positive expectations to new projects and forecasts of improving new order intakes.

Didi said on Wednesday that it has launched its Didi Express service in southwestern Kazan, the capital and largest city of the Russian Republic of Tatarstan, home to the country's largest IT park.

Domestic demand of steel products in the country is expected to see further growth next year, thanks to the robust development of the economy, said Li Xinchuang, deputy secretary-general of the China Iron and Steel Association, who shares a different opinion from that of the World Steel Association.

Despite the problems facing globalization in recent years, the Asian affairs researcher forecast that China would witness "massive transitions".

Dipont is just one school in a booming private education field. The market is set to grow at 9 percent year-on-year until 2020 to reach a value of 0 billion, according to LEK Consulting.