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China's fastest wheeled train in commercial use, the Fuxing, or Rejuvenation, runs daily at 350 km/h between Beijing and Shanghai.

China's manufacturing sector contracted slightly in June according to the latest purchasing managers indexes, but factory activity may pick up later given the indexes' structural improvements and potential policies to boost consumption, analysts said on Monday.

China's cultural industry had grown at an average pace of over 13 percent annually in the past five years. It is expected to become one of the major pillars supporting economic growth by 2020.

China's cruise ship sector has been developing rapidly in the past decade and in 2015 it became the world's fourth biggest cruise market. Analysts say international cruise ship giants are working hard to enter the Chinese market.

China's efforts to transform the country to a more consumption and service-driven economy is well under way, said Yasuyuki Sawada, ADB's chief economist.