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China is fully able to obtain a stable growth rate in foreign trade and help facilitate global economic recovery this year, thanks to the sustainable and stable improvement in trading activities in recent months and the country's fast-growing trade in services and other business sectors, such as e-commerce, according to Chen Wenling, chief economist at the Beijing-based China Center for International Economic Exchanges.

China is setting up a national credit score database, managed by the People's Bank of China - the central bank - to improve information asymmetry of commercial banks and expand loan availability for SMEs with qualified credit scores.

China is known for its craving for SUVs, which has been the fastest-growing segment in its automobile industry. Porsche is selling more SUVs than sedans in the country and Bentley's SUV Bentayga is well received too.

China has seen an increase in people's trust in institutions running the country while the US has recorded a massive collapse, CNBC reported Tuesday.

China is on an urbanization campaign to tackle overcrowded big cities and underdeveloped second- and third-tier cities and townships after the 19th Congress of the CPC.