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As of June 21, monthly local government bond issuance exceeded 594 billion yuan (.3 billion), and the planned issuance is over 200 billion yuan for the last week of June. As a result, the total issuance may reach 800 billion yuan for the month, according to statistics compiled by Wind, a leading financial data provider in China.

As more Chinese travel overseas for holidays, the world will also share the benefits of China's development, said Peng.

As of the end of June, 13,554 PPP projects were registered nationwide with combined investment of 16.4 trillion yuan, according to the China Public Private Partnerships Center under the MOF.

As of 8 am Thursday, the floods have caused economic losses of 2.45 billion yuan (about 4 million), said the flood control and drought relief headquarters of Chongqing.

As of Dec 31 last year, the number of high–net-worth Chinese families with household assets of 10 million yuan (.4 million) dropped 1.5 percent from a year earlier to 1.98 million, according to the report. The number of ultra-high-net-worth Chinese families with household assets of 100 million yuan also contracted by 4.5 percent to 127,000.