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China's economy is the second-largest in the world. Its exports account for about 12 percent of the global total. China's capital market－stock and bond markets－now is the world's second-largest.

China's nonmanufacturing PMI was slashed from 54.1 for the previous month to 29.6 in February, sending last month's composite PMI, which covers manufacturing and nonmanufacturing activities, to 28.9, versus 53.0 in January.

China's industrial output grew at 6.7 percent in the first three quarters, up from 6 percent a year ago. Retail sales growth was 10.4 percent in the January-September period, unchanged from a year ago, while fixed-asset investment growth eased to 7.5 per-cent, down from 8.2 percent in the same period last year.

China's debt level only grew slightly in the first three quarters. The debt level of the non-financial sector declined 2.9 percent year-on-year in the first three quarters, according to data from the think tank.

China's consumer price inflation remained mild in July while producer prices rose moderately, providing a boost to the industrial sector. Analysts said the country may keep its monetary policy stable given the expected stable price trends this year.