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"Compared with digital album consumption, users who buy exclusive membership services should be the main force for bolstering the music payment industry," said Chen Xianjiang, founder of ReChord, a music information portal, adding that the proportion of users who are likely to purchase a monthly or yearly membership is rising.

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"China's economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice," Bloomberg said in an opinion piece.

"China's home prices are relatively stable given the figures of the 70 cities," said NBS spokesman Mao Shengyong. "But structural problems still exist in the housing market."

"China was interesting to me because it was so different from what was happening in the Soviet Bloc. That's when the creation of the economic zone happened in Guangdong. That's what got me started on China," Taylor said.