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China's investment in property development expanded 7.9 percent year on year in the first seven months of this year, down from 8.5 percent in the first half, NBS data showed.

China's industrial enterprises will fare well this year, so long as China's infrastructure investment can remain stable, said Jiang Feitao, an economist of the Institute of Industrial Economics of the Chinese Academy of Social Sciences. Fixed-asset investment, especially infrastructure investment, has a major bearing on demand for raw materials and in turn influences corporate profits, he told National Business Daily.

China's food and beverage industry is expected to grow at an annual rate of 13.8 percent from now until 2023, resulting in an annual market volume of billion in 2023, according to research firm Statista.

China's manufacturers face a downshift in growth, structural adjustment and a shift in growth engines, according to Miao Wei, minister of industry and information technology, earlier this week.

China's first national-level anti-pandemic industry group was officially unveiled in Beijing on Friday, as part of the country's ongoing efforts to prevent and control the COVID-19 outbreak.