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China's indigenous technologies and best practices in the past two decades are a "natural fit" for economies participating in the Belt and Road Initiative who aspire to digitize their economy, said Li Bo, assistant director at Fudan University's China Institute.

China's major economic indicators weakened slightly in July, but analysts said the trend of stable growth remains and will carry into the second half of the year.

China's openness to fresh ideas and its willingness to adopt them as well as adapt them to local tastes and conditions is very impressive. This enables a very fast development of a diverse range of ideas, not only in the realm of business but in the areas of art, food, entertainment, culture, academia, sport, leisure, indeed in almost all aspects of society. This, in turn, allows the Chinese people to demonstrate their innovative capabilities as well as their character, spirit and heart.

China's contribution to global growth averaged about 30 percent annually from 2013 to 2016, larger than that of the United States, the eurozone and Japan combined, Ning added.

China's economy is expected to take a slow U-turn this year, thanks to work resumption underway for two months and economic activity getting back on track, the macro strategy team from Ping'an Securities said.