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"China's unprecedented economic growth over the past 40 years is a testament to the importance of an economy embracing global business and international markets. Over the past half century, China has transitioned from a closed, agriculture-based economy to one that is vibrant and deeply connected across virtually every sector in the world," she said.

"Consumption accounted for 60 percent of China's economic growth in the first half, more than 40 percentage points higher than the number of investments," Ning said. "We need to ramp up our efforts to boost consumption, such as increasing incomes, improving the environment and adopting policies and measures to promote household consumption."

"China's civil aviation development has two important driving forces－opening more international airlines, which cannot be replaced by high-speed rail, and building more small and medium-sized regional airports in the southwest and northwest," said Li Xiaojin, a professor of aviation economics at Civil Aviation University in Tianjin.

"Consumption at convenience stores is usually spontaneous. Their service is irreplaceable either by traditional stores or e-commerce's same day delivery," said Wang Hongtao, deputy secretary-general of the China Chain Store & Franchise Association.

"China's economy, especially its manufacturing industry, has become highly diversified thanks to the sound supportive system and fast-growing domestic markets after decades of development," Tu said.