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Analysts said government support for entrepreneurship and innovation has provided a major boost for tech firms and startups and allowed them to survive and thrive amid downward pressures on the broader economy. The performance of listed companies is considered a leading indicator of China's economy, which expanded steadily at 6.7 percent year-on-year in the first three quarters, well above the 6.5-percent annual target.

An official with the preparatory committee said they might welcome hi-tech industries such as 5G communications, bio-medicine, artificial intelligence and internet finance industries.

And as streaming platforms change the way music lovers get their fix, the Chinese market is emerging as a global powerhouse, even while still in its infancy.

An unlikely destination for a weekend family outing would probably be a pig farm. But the Huateng pig farm in Tongxiang, Zhejiang province, is one of the most popular for local parents.

Andy Goss, JLR sales operations director, said: "Jaguar Land Rover saw another positive performance in June, led by strong sales in China, both from imported vehicles and our Chinese joint venture."