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Chinese exporters have from 20 to 50 percent of the US market in other low-value-added markets, plus electrical machinery and equipment, mechanical appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

Chinese enterprises are accelerating efforts to digitalize their businesses and venture into previously unexplored fields to unlock new growth opportunities, a report by global consultancy Accenture said.

Chinese personal computer giant Lenovo Group Ltd unveiled a new ThinkPad laptop in its home market to serve professional business consumers on Tuesday in Beijing.

Chinese e-commerce giant JD, which initially coined the midyear campaign, said it will offer 50-percent discounts on more than 200 million commodities, including electronic products, home appliances, daily necessities, cosmetics, apparel and over 1,000 housing resources.

Chinese banks need more capital as they are compelled to move onto their books and face more soured loans amid slower economic growth.