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BloombergNEF expects oil demand in China to remain healthy in the second half of this year.

Boeing Business Jets is seeing unprecedented growth in China, where the fleet size has tripled over the past five years, having 29 BBJ aircraft in operation.

Bilateral trade deficit matters?

Both forces shaped the growth patterns of the past decades. In 1988, a lower-middle-class US citizen had more than six times the income of a well-off middle-class citizen in China. Today, both earn almost the same amount. Similar leaps happened in other economies, from Turkey to Viet Nam. Yet, over the same period, half of the world's wealth went to the top 5% of the population, and almost one-fifth went to the highest 1%.

Big data was first written into the Government Work Report of China in 2014. Since then, big data has become a hot topic at all levels, such as data sharing, circulation, transaction and security. It has been linked to many areas including agriculture, health, environment and urban development.