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China's online market is even more appealing to Russian shoppers. Latest figures provided by Russia's largest e-payment service Yandex shows that Russian consumers spent up to .3 billion on cross-border e-commerce platforms last year. And 80 percent of that amount was spent on Chinese platforms.

China's non-financial ODI plunged by 45.8 percent year-on-year in the first half of 2017. Although the total ODI dropped, outbound investment to countries involved in the Belt and Road Initiative increased by 6 percent year-on-year and accounted for 13.7 percent of the total ODI in the first half, data from the Ministry of Commerce showed.

China's economy is operating within a reasonable range, maintaining stable, coordinated and sustainable development, said NBS spokesperson Xing Zhihong, "laying a solid foundation for achieving the annual target."

China's faster rebound is a rare positive for a global economy still clawing its way out of its worst slump since the Great Depression. The International Monetary Fund sees global output by the end of 2021 being 0.6 percent higher than the end of 2019, driven almost entirely by China, Bloomberg reported, and the proportion of worldwide growth coming from China is expected to increase from 26.8 percent in 2021 to 27.7 percent in 2025.

China's listed banks are in urgent need of replenishing common equity tier 1 capital. Their common equity tier 1 capital adequacy ratio declined in general in the first half of this year due to a drop in net profit of many listed banks, a PwC report issued Wednesday said.