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As a large portion of Chinese households' wealth was locked up in the property market, consumption could not grow faster. Even per-capita income is growing at a steady, not heady, rate. On the other hand, high property prices have pushed up the leverage level in the household sector.

As explained by Cherrie Shi, senior counsel of legal firm FenXun Partners, major reasons for multinational companies moving their manufacturing bases from China to counties in Southeast Asia include China's rising labor costs, overcapacity in heavy industry, and stricter rules and regulations on environmental protection. On the other hand, technology development and skills of the labor force have improved over time in China.

As a latecomer to the June 18 festival, Alibaba prolonged its promotions from a 24-hour extravaganza (like in the case of Nov 11) to a 20-day long campaign. The cash-flush company said it has allocated "tens of billions of yuan" to subsidize consumers when they purchase goods from 10,000 brands at home and abroad.

As a result, State-owned banks, commercial banks and foreign banks have accelerated their efforts in the past several years to occupy the financial market related to overseas study.

As economic growth in many SCO members relies heavily on trade in commodities, some countries often face losses due to the low prices of resources such as coal, natural gas and crude oil on the global market.