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China's opening-up policy also provides more opportunities for foreign firms to connect with the world.

China's gross domestic product rose 6.9 percent year-on-year to about 38.15 trillion yuan (.6 trillion) in the first half of 2017, data from the National Bureau of Statistics showed.

China's job market faces grim reality as the economy slows while college graduates increase every year.

China's economy has maintained rapid growth over previous decades, but it still does not produce the full range of goods and services that increasingly wealthy domestic consumers demand, according to a report released by the think tank.

China's consumption market witnessed steady recovery during the first six months of this year, with relatively new business formats such as online shopping spearheading the growth despite the COVID-19 epidemic and the services sector responding positively and creatively.