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China's long distance ultrahigh voltage electricity transmission, under the circumstances, has an obvious advantage, it said.

China's labor is becoming expensive too, and more skilled. So, China needs to move away from setting up industries that basically service imports from East Asia. Instead, China should set up industries that are indigenous and can use innovation to produce new products. The country is already doing this quite well. China has beaten the US in 5G, and leads in artificial intelligence.

China's goods trade went up 8.6 percent year-on-year to 16.72 trillion yuan (.45 trillion) in the first seven months of this year, customs data showed Wednesday.

China's leading travel provider Ctrip and other online travel agencies are the most important sources of Chinese business at present.

China's national observatory said earlier this month that low precipitation and strong winds have put southwestern provinces of Sichuan and Yunnan at high risk of forest fires.