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Amid growing uncertainties in the global market, China's foreign trade has beaten market expectations in recent months. China saw its foreign trade increase 6 percent on a yearly basis to 2.88 trillion yuan (1.59 billion) in August, with exports surging 11.6 percent and imports declining 0.5 percent respectively, according to latest data from the General Administration of Customs.

Among new local government bonds issued in May at a total value of 165.66 billion yuan, 16.2 billion yuan will be used for transportation, 26.94 billion yuan for municipal construction, 20.11 billion yuan for land reserves, 67.61 billion yuan for low-rent, affordable and public rental housing, as well as shantytown renovation, and the rest will be used for science, education, healthcare, social security, environmental protection and poverty alleviation, according to the Ministry of Finance.

Amid intensifying competition from local rivals, the US tech heavyweight unveiled its latest generation of servers to target Chinese companies which are demanding scalable and automated computing solutions.

Among the sector, Internet advertising, Internet-based entertainment, digital publications, wearable devices and virtual reality products posted a robust H1 revenue expansion of above 20 percent.

American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington. [Photo/Agency]