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"China's life expectancy is rising dramatically and it has now surpassed some high-income countries," World Health Organization (WHO) spokeswoman Alison Clements-Hunt once told Reuters.

"Consumption growth will likely pick up on the back of rising disposable income growth, especially that of lower-income households that have higher consumption propensity," Liang said.

"China's push to boost higher-quality global exports and domestic consumer spending will continue to fuel global trade."

"Compared to peer cities, Sydney lacks the number and quality of cultural amenities such as museums, theaters and concert halls and for the availability of varied and authentic cultural events that enable visitors to appreciate and experience local heritage and culture."

"China remains committed to the managed floating exchange rate regime based on market supply and demand, and with reference to a basket of currencies," said a statement from the People's Bank of China, the central bank.