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China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit in September in Xiamen, Southeast China's Fujian province.

China's supply-side structural reform has improved the earnings of traditional companies while firms from many new industries reported robust growth, a sign of improved economic growth, the bourse said.

China, in particular, is gaining strong momentum. Shenzhen, Guangzhou, Qingdao and Chengdu have moved forward two, four, 14 and four places, respectively, in the ranking.

China's trade surplus continued to narrow last year, shrinking by 14.2 percent to 2.87 trillion yuan, compared with a 9.1 percent reduction in 2016, when the trade surplus was 3.35 trillion yuan.

China's rapid economic growth, urbanization, globalization and aging population is coupled with the expanding prevalence of chronic diseases such as high blood pressure, diabetes, stroke, tumors and obesity. Sedentary lifestyles, unhealthy diets, irregular sleeping habits, smoking, alcoholism and environmental pollution combined with other risk factors are the reasons behind China's growing population of chronic disease sufferers, who are causing enormous financial burdens on their families and the health system.