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"Expanding imports is an inevitable requirement for the balanced development of foreign trade," Wang added. "A comparative competitive edge is the foundation of international trade and the origin of benefits from international trade. Overemphasizing on exports may guarantee increased foreign exchange reserves, but it doesn't mean a better life and prosperity for ordinary people."

"Cutting taxes when the (US) economy is seeing full employment is likely to suck in more imports to satisfy some of the extra demand. The (US) trade deficit is already running at a 10-year high (and half of that is with the Chinese mainland) and is set to increase. The risk of trade friction seems likely to intensify in the coming year," cautioned Richard Jerram, chief economist at Bank of Singapore — the private banking arm of OCBC Bank.

"During the second quarter of this year, the services sector recovered steadily, and some new businesses showcased their growth potential. Stable progress was made in the transformation and upgrade of the services industry," said Du Xishuang, director for services statistics at the National Bureau of Statistics.

"Featuring challenging mountain and water events, RAID has a close link with people's quest for a healthy way of life," said Xiao Yang, general manager of Cherry Sports, which introduced the competition to China.

"DiDi also looks forward to building public-private partnerships on smart transportation solutions to achieve sustainability goals for cities around the world."