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Brad Setser, an expert with Council on Foreign Relations, noted that the RMB exchange rate is now close to equilibrium. He expected that the RMB exchange rate would remain stable at current level with China's current account surplus and its efforts to deal with capital outflows.

Breaking down the figures show online retailing maintained its growth momentum, surging 30.1 percent from the previous year to 4.08 trillion yuan in the first half. Of the figure, 3.13 trillion yuan was gained from physical commodity sales, raising 29.8 percent on a yearly basis and accounting for 17.4 percent of the total retail sales of consumer goods in the same period.

Box founders Dylan Smith and Aaron Levie

Buildings and landmarks in the Seattle skyline are turned blue in tribute to Paul Allen in November 2018. (GeekWire Photo / Kevin Lisota)

British multinational advertising and public relations company WPP unveiled its top 100 Chinese brands ranking on Wednesday evening in London, in an effort to acknowledge Chinese companies' growing reputation on the international business stage.