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Consumer inflation held steady in July. Food prices, the biggest component of the CPI, were down 0.1 percent, dragging down the growth rate of the index by 0.02 percentage points, the NBS said.

Contracting annual PC shipments and declining mobile phone sales cast a shadow over the outlook for Lenovo Group Ltd on Thursday, despite the technology giant reporting a profit turnaround in the 2016 fiscal year.

Consumption is playing an increasingly important role in China's economy, contributing as much as 60.1 percent to the country's GDP growth in the first half of the year.

Created in the Geography Department at Loughborough University in the United Kingdom, the GaWC network focuses upon research into the external relations of world cities. China's Hong Kong, Shanghai, and Beijing ranked as Alpha+ cities in this year's rankings, while Guangzhou, Taipei, and Shenzhen were among the Alpha-list.

Covering a floor space of more than 20,000 square meters, a total of 295 companies from home and abroad are displaying more than 1,000 different kinds of new and high-tech products in the optoelectronic, high-end laser and advanced equipment industries to seek expanded cooperation during the three-day event.