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China's home appliances market, he said, saw explosive growth a bit prematurely, so has been stable for a while now. But, given the consumption upgrade and Chinese consumers' pursuit of high-quality lifestyles, the appliance market has evolved to a stage where products need to be customized and smart, with focus on quality and value offered to the consumer.

China's economic growth is shaking off the impact of the COVID-19 pandemic to lead the world, CNBC said at its Q4 Global CFO Council Survey on Wednesday.

China's investments in the overseas auto industry have totaled more than billion since 2008, according to the report. In the United States, Chinese companies now are hiring thousands of workers and manufacturing products from auto glasses to luxury cars.

China's leverage ratio stood at 255.6 percent at the end of the third quarter of 2016, lower than the average of major developed countries, the National Development and Reform Commission (NDRC) said in a statement, citing data released by the Bank for International Settlements (BIS).

China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year-on-year in February, the National Bureau of Statistics said Friday.