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China's clean energy drive will continue to grow for the foreseeable future, as the nation aggressively reduces its over-reliance on coal-power, said Joseph Jacobelli, a senior analyst of Asian utilities and infrastructure at Bloomberg Intelligence in Hong Kong. Solar power generation will also continue to steadily increase and take a larger share of electricity production, he said.

China's economy expanded 6.9 percent on H1, with consumption and services, together with new innovation-driven economic sectors, taking larger roles in the economy.

China's e-commerce platform JD.com added the customer to customer, or C2C, business model to its online market on Wednesday.

China's first national foreign investment law, to be enforced in January 2020, covers the core suggestions of the white paper that are related to the establishment of the modern market mechanism, deepening reforms in administrative institutions, and further opening-up, according to Ono.

China's latest move to lower the regulatory requirement on the ratio of allowance for loan impairment losses to nonperforming loans will encourage commercial banks to classify bad loans more accurately and to step up the disposal of distressed debt, researchers said.