Good signs for the economy

China's urban fixed-asset investment rose 27.3 percent year-on-year in the first seven months, compared with the first half's 26.8 percent, promising to bolster the economy even as exports weaken.

The National Bureau of Statistics did not reveal the investment growth for July, but based on these figures, it is estimated that the July figure could be 29.4 percent.

China's domestic demand also grew steadily in July, increasing the possibility that the overall economy may not suffer much while trade is battered by weakening global demand, analysts said.