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Dalio added he does not think China would follow the old path of Japan, which entered a "lost decade" in the 1990s.

Daimler AG sold more than 610,000 Mercedes-Benz and smart-branded cars last year in China, up 25 percent year-on-year. Jaguar Land Rover sales grew 23 percent to 146,399 cars, accounting for nearly a quarter of its global sales. The British carmaker also expects to further improve its market performance in 2018.

Dafugui cut their categories from 120 to 40, canceled items unsuitable for delivery such as noodles, and increased more quality and temperature guaranteed rice food products.

David Lynne, Head of Fixed Income & Currencies, Asia Pacific of Deutsche Bank, says the opening of China's domestic bond market, already the world's third largest with an estimated size of more than trillion, significantly expands the asset universe for global investors with renminbi to put to work.

Data from the bureau also showed China's service industry grew 7 percent year-on-year in the first half of 2019, outperforming the overall GDP growth of 6.3 percent.