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China's fixed-asset investment grew 8.9 percent year-on-year to 4.14 trillion yuan in the first two months the year, up from 8.1 percent in 2016, according to the National Bureau of Statistics.

China's exports grew by 7.7 percent year-on-year in May, registering a total volume of 1.43 trillion yuan (5 billion), according to the General Administration of Customs. The volume of imports reached 1.16 trillion yuan, down 2.5 percent year-on-year.

China's economic fundamentals remained sound as indicators such as industrial output and retail sales growth picked up in August, said the National Bureau of Statistics on Friday.

China's economy is entering a new growth phrase where quality has become increasingly important for the country's consumers, Zhang noted.

China's more resilient economy under the "dual circulation" pattern will help the nation's equities better withstand volatility in overseas markets, analysts said, attracting global investors seeking relatively stable returns.