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"Consumption is also one of the pillars to support economy."

"China will also expand domestic demand to improve the quality of supply side and stimulate consumption potential, and at the same time, accelerate the development of new consumption formats and actively expand effective investment," Xin added.

"China's economic data for July showed that the recovery remains unbalanced and reliant on extraordinary policy support," said Shaun Roache, Asia-Pacific chief economist at S&P Global Ratings. "The central bank wishes to lower borrowing costs while guarding against financial risks, and it is trying by developing tools that increase access to credit for the real economy, especially small and medium-sized enterprises."

"China represents one of the largest opportunities for many of our clients and JP Morgan. It is a critical component of our growth plans, globally and in Asia. We have strong ambitions to strengthen our position in this very important market in order to better serve our clients and the local community."

"China was not rich at that time, but decided to build the Tanzania-Zambia Railway," he said, noting that the reason to build the railway was to break colonists' suffocation of Zambia.