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"Compared with the older generation, they are more willing to pay for convenience, entertainment, mental stimulation, companionship and education that will benefit their future careers."

"China's economy is still in a tug-of-war between headwinds and policy easing," said Lu. The central bank has suggested balancing policy easing with the need to control financial risks, given the rapid rise of debt and volatile stock markets.

"China's economy is important," Yeboah says, explaining why he wants to find a job with a Chinese company. He believes that working for such a company will help him gain valuable experience from the world's fastest-growing economy. For students whose majors are in the fields of economics and finance, China offers the "best practical course", he says.

"Consumption rapidly recovered on demand for consumer staples such as food and beverage and daily necessities. Among durable goods, car demand recovered remarkably," said Piao.

"Chinese cities rose collectively in the past four decades regarding their scale of urban population growth, which has had a great impact on the global urbanization process," said Ni.