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China's supply of rare earths accounts for around 80 percent of the global supply, so the country's output affects the international prices of the raw material. Both China and the rest of the world have produced an inadequate supply of rare earth this year.

China's social e-commerce sector is expected to reach 1.14 trillion yuan in industry scale in 2018, with a year-on-year increase of 66.7 percent, according to a report released at the 2018 China Internet Conference earlier this month.

China's sleep-aid market is growing, as people are spending increasing amounts of money on products that can help them get a better night's rest. The average annual online sales revenue growth of snooze-friendly products - such as bedding, sleep-monitoring devices and supplements - has surpassed 10 percent, according to the latest report by Shanghai-based research firm CBNData.

China's top leadership pledged at a recent meeting that economic policies will be more flexible, appropriate and targeted to support recovery in the second half of the year.

China's services sector activity expanded at its fastest pace in more than three years last December, which analysts said signals stable growth in the world's second-largest economy.