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China's financial regulators started a de-risking and deleveraging campaign in mid-2017, and formed a basic "action plan" in 2018, focusing on controlling the macro leverage level, the overall debt-to-GDP ratio and shadow banking activities.

China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.2 trillion yuan (.6 trillion), according to the National Bureau of Statistics (NBS).

China's exports to the US expanded 14.5 percent year-on-year, and imports from the country increased by 17.3 percent, it showed.

China's economy is actually beginning to climb the hill to present V-shared recovery, which is mostly coming from accelerating industrial production and robust export growth. Moreover, sustained growth in infrastructure investment and housing construction also has played a role, the magazine Foreign Policy said on Oct 29. 

China's imports and exports from cross-border e-commerce were worth 134 billion yuan (.5 billion) last year, up 50 percent year-on-year, according to the General Administration of Customs.