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China's securities regulator vowed last week to stick to capital market reforms regardless of whether the country's A-shares are included in the MSCI Emerging Market Index.

China's per capita disposable income grew 6.5 percent year-on-year to 15,294 yuan (,221) in the first half of 2019, among which property income accounted for 8.6 percent, according to data from the National Bureau of Statistics.

China-US tariff measures have added drag to world economic prosperity, according to the Organization for Economic Cooperation and Development. The organization projects that the global economy will grow by 3.7 percent in both 2018 and 2019.

Chinese Ambassador Cui Tiankai said he believes that China and the US "remain in the same boat", and the common challenge is to navigate through uncertainties or uncharted water for the benefit of both countries and the entire world.

China's reforms in areas including cutting administrative red-tape earned the country a spot in this year's top 10 global improvers, according to the report.