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China is ready to work with Russia to plan high-level exchange of visits next year, jointly celebrate the 75th anniversary of the victory of World War II, host a successful China-Russia year of scientific and technological innovation, and further enrich the China-Russia relations in the new era, Wang said.

China is projected to account for 70 percent of global 5G connections, and the country has firmly established itself as a global 5G leader, according to a report by GSMA, an international association of mobile operators.

China is not expected to face serious consumer inflation pressure in the year's second half, said Lian Ping, chief economist at the Bank of Communications. "Considering the relatively high bases in the second half of last year, the CPI reading could ease in the coming months."

China is Australia's largest trade partner, with a surplus in Australia's favor. Their bilateral trade is 2.4 times larger than that between Australia and the US. Chinese investment in Australia reached its highest level since the global financial crisis of 2008, at .49 billion in 2016, up 12 percent from 2015.

China is catching up as a hub for the world's biggest internet companies, an internet trends report said.