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Chinese companies have also achieved impressive results in overseas markets. According to mobile analytics provider App Annie, overseas users devoted 16 percent of their game expenditure to mobile games developed by Chinese companies during the first half of this year. The rate was only 10 percent two years ago.

Chinese online education firm GSX Techedu Inc announced recently the launch of quality-oriented classes, after the company has been under pressure with accusations from US short-sellers.

Chinese Vice Finance Minister Zhu Guangyao Friday confirmed the initial results of a 100-day action plan for China-US comprehensive economic dialogue, covering agriculture, financial services, investment and energy.

Chinese enterprises' spending on digitalization services and products is expected to exceed 1 trillion yuan (2.9 billion) for the first time this year, as companies accelerate digital transformation while battling COVID-19, a new report said.

Chinese lawmakers held panel discussions on Tuesday morning to deliberate on a draft resolution to abolish the "custody and education" system, a penalty reserved for breaches of law related to prostitution.