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Zheng also called for Chinese cosmetic companies to make more effort in research and development. He said Chinese companies should invest more in research and development to build their brands and increase customers' confidence in their products, instead of relying mainly on lavish advertisements. 

Zhao Ming, president of Honor, a key smartphone brand of Huawei Technologies, said China has been pioneering the world in developing 5G smartphones and commercializing the superfast technology.

Zhao also called for efforts to cut off gambling-related capital flows and step up international law-enforcement cooperation to crack down on cross-border gambling.

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Zhangjiakou, located about 160 km northwest of Beijing, played a key role in military and economic areas during the Qing Dynasty (1644-1911), which is why the late Qing government decided to build the old Beijing-Zhangjiakou railway.

Zhao Pengjun, director of Peking University's Urban Planning and Transport Studies Center, said that for megacities like Beijing, parking presents problems for transportation management and causes traffic congestion, which is why punishments for illegal parking must be strict.

Zhang, who is the breadwinner for a family of six, earns 7,000 yuan a month and said he can continue carving for at least 20 more years.

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Zhao Yonggang, deputy director of the research and development department at China Securities Index, said compared with the United States, index fund investment in China is much quicker.

Zhao Huanyan, senior economist at Huamei Hotel Consulting, said the franchised model will offer a better financial returns for hotel management companies.

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Zhao Xiang, an analyst at Beijing-based internet consultancy Analysys, said the bike-sharing industry has entered a new stage of integration, and Mobike and Ofo need to expand their business in an orderly way, as well as improve the way of operating bikes and explore more monetization models.

Zhao Xijun, deputy dean of the School of Finance at Renmin University, attributed the strong GDP data to steady or increase of some key indicators such as consumption, imports and exports, private investment against the backdrop of supply-side structural reform and demand recovery at home and abroad.