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China's migrant population decreased for the first time in about 30 years in 2015. The economic rise of China's interior regions is luring back migrant workers from coastal cities. Skills and capital acquired in cities also help migrant workers start their own businesses in their home town.

China's foreign trade volume rose 9.4 percent year-on-year to 6.75 trillion yuan (.07 trillion) in the first quarter this year, customs data showed on Friday.

China's first middle-to-low speed maglev rail line started operation in May 2016 in Changsha in Central China's Hunan province, making China one of the first countries to master such technology.

China's long-term consumption potential is attractive and the country is already the world's largest retail market. Even if it grows at a slower pace, it will still be the fastest-growing market in the world, Liu said.

China's economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.