June saw the smallest decline in imports in eight months, a fresh sign of recovery for the world's third largest economy.

China's booming automobile industry is expected to sprint to the 12-million-unit threshold on the back of a sales surge during the first half of the year. Smooth Drive for Luxury Brands

China's banks extended a surprisingly large amount of new loans in June, more than doubling that of May's, while driving up possibilities of bad loans and excessive production capacity amid a credit boom.

In these uncertain times, when deep discounts and clever advertisements have failed to sell merchandise, retailers on the mainland have to count on a more potent force - government subsidies.

Coal-dependent China plans to generate at least 15 percent of its energy capacity from wind, solar and other renewable energy sources by 2020.