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China's expanding energy transportation network will also boost the development of sectors including advanced steel, equipment manufacturing and engineering technology, he added.

China's economic growth weakened to 6.2 percent year-on-year in the second quarter, but remained stable on the whole in the first half of this year at 6.3 percent, according to data released by the National Bureau of Statistics on Monday.

China's investment in sectors related to domestic demand, new infrastructure projects, online industries and independent innovations resulted in 4.9 percent increase in its economy year-on-year in Q3, despite a decrease of 6.8 percent in the first quarter, Syed Hasan Javed, director of Chinese Studies Center, School of Social Sciences and Humanities in National University of Science and Technology, Islamabad, told Xinhua in a recent interview.

China's major hair transplant clinic Lotus raised 500 million yuan ( million) from private equity firm HG Capital Tuesday, a move that suggests fast development of the industry in China.

China's consumer spending accelerated in May, constituting a major force to stabilize the economy, even as industrial output and investment growth weakened, the National Bureau of Statistics said on Friday.