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China's supply-side structural reform has improved the earnings of traditional companies while firms from many new industries reported robust growth, a sign of improved economic growth, the bourse said.

China's preschool education market reached 214.3 billion yuan in 2017, growing 9.11 percent year-on-year, said a report from qianzhan.com, an industry information provider. The market is expected to surpass 540 billion yuan by 2020, boosted by the second-child policy and the new-generation parents' emphasis on education. At the same time, the K12 (kindergarten through 12th grade) education market has also been flourishing in the nation. During the first six months of 2018, investments in China's K12 education market totaled 3.2 billion yuan. It is estimated that the online K12 education market will reach 88.4 billion yuan by 2020.

China-made products and services have made a name for the high quality, competitive price and the better after-sales services, occupying an increasingly large market share in Africa, Luo said.

China's tourism industry has seen rapid development in recent years. During the 2018 National Day holiday, for example, the country's tourism industry raked in over 599 billion yuan (about billion) in revenue from domestic tourists, up over 9 percent compared to the previous year.

China's software and IT services reported steady revenue and profit increases last year and the sector's total revenue amounted to 7.18 trillion yuan in 2019, up 15.4 percent from a year earlier.