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"Despite the strong demographic growth and the expected doubling of the African population within the next few years, we need to bear in mind that population density is quite low and it comes with a set of challenges in terms of development. We therefore need to find infrastructure development frameworks that are adaptable for economic, general and specific industrial development," he says.

"Declining sales growth does not mean we are experiencing consumption downgrading," an industry expert said. "In fact, sales growth of luxury cars and joint venture-branded cars are still much higher than that of Chinese-branded cars with lower price tags."

"Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018," said Lynn Franco, Director of Economic Indicators at The Conference Board.

"Eid al-Adha festival is a great day here in China. Thousands of Muslims celebrated it with us in the vicinity of Niujie Mosque. This was a manifestation of how considerate China's government is toward religious minorities," he said.

"Despite the coronavirus pandemic, we are confident and will not scale down our target. And there is no change in our long-term development plan," An said.