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"China's retail sales returned to growth for the first time since the coronavirus outbreak, in the latest sign that consumer spending was catching up with the country's wider economic recovery," the Financial Times said.

"Chinese consumers have increasing demands for premium brands and high-quality imported products, ranging from toothpaste and toothbrushes, mattresses, clothes and handbags, said Zeng Bibo, founder and chief executive officer of Ymatou.

"China will also take over the presidency of the Shanghai Cooperation Organization after the coming summit in Astana," he said, adding that the agreements signed during the summit will enhance relations between the two countries, as well.

"China's push to cultivate innovation-driven growth will inject new life into the country's real economy and fuel the integration of cutting-edge technologies with manufacturing," Qu said.

"China, the US and Africa will work together to build the center," he said.