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China's GDP growth reached a faster-than-expected 6.9 percent in the first half and looks set to meet its growth target of around 6.5 percent for this year. But some economists warned that growth could moderate in the second half due to the cooling of the real estate sector as a result of tightened government controls.

China's Ministry of Finance and Ministry of Emergency Management (MEM) on Thursday allocated 418 million yuan (.7 million) for drought relief in seven provincial-level regions.

China will fully open the manufacturing sector and treat foreign companies in the same way as their Chinese counterparts, the country's top industry regulator said on Monday.

China will intensify international cooperation to promote mutual recognition of standards to reduce repetition in testing and certification of products and services to facilitate international trade, a top market regulatory official said on Wednesday.

China's beauty market has been developing fast as the country's increasingly affluent consumers are willing to spend on products and services that make them look younger and more glamorous.