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China's fresh milk market, which enjoys a steady 3 to 5 percent annual growth, is led by Shanghai-headquartered Bright Food Group, Beijing-based New Hope Group and Sanyuan Foods.

China's economic growth slowed to 6.2 percent in the second quarter, its weakest pace in at least 27 years, with demand faltering at home and abroad amid ongoing trade frictions with the United States.

China's express delivery business soared from 3.67 billion packages in 2011 to 63.52 billion units in 2019, a compound annual growth rate of 42.82 percent. The figure stabilized to 22.05 percent growth in the first half this year with 33.88 billion parcels delivered, according to data published by the State Post Bureau of China.

China's foreign trade is expected to remain stable in the second half of this year, thanks to the country's new policies to upgrade the quality of its shipments, cultivate new business modes and further diversify sales channels in emerging markets, Gao said.

China's economy continued to gather steam in November thanks to previous credit policy and robust export demand, the journal quoted Li Wei, an economist with Standard Chartered PLC, as saying.