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Beijing, Shanghai, Shenzhen and Guangzhou are the top four cities where those new middle-class families live.

Beijing and Washington share "more common interests than disputes, and more need for cooperation than friction", Guo said.

Because the global economic downturn's effect on demand for goods and on supply and industrial chains has become clearer since June and will continue to do so up to December, it is practical for China to accelerate establishing a "dual-cycle" development pattern that takes the domestic market as the mainstay while domestic and foreign markets can boost each other, said Chen Bin, executive vice-president of Beijing-based China Machinery Industry Federation.

Beijing has never had a winter without snow since the capital city started keeping weather data in 1951, according to Beijing News.

Beijing, with 22 billionaires, was still the top city for China's young billionaires, followed by Shanghai with 10. Hangzhou in East China's Zhejiang province, with six billionaires, grabbed third place this year.