Chinese economy still an 'engine' rather than a 'laggard'

Growth in these sectors is the fruits of China's economic transformation, which, at the same time, has also provided overseas investors with brand-new investment opportunities in China.

In 2015, global venture capital made 1,555 investments in China's business startups with a total value of $37 billion, up 147 percent from the previous year, according to data from the London-based consulting firm Preqin Ltd.

China's pro-innovation environment and emphasis on growth quality have been challenging the US-led technological innovation industry, the company said.