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Analysts said the August data show that the Chinese economy has remained on track despite the activity dampening and a tightening of financial regulation.

Angiola Rucci, project manager with event organizing company Triumph Asia, a unit of Italy-based Triumph Group International, said the initiative has fueled two-way exchanges between China and Europe, supporting their business.

Analysts believe that China's sharing economy is on the rise, and high rate of growth is forecast to continue over the next few years.

Analysts said the steadily growing contracts show that Huawei has won the trust of more foreign telecom operators with its technological prowess, and Washington's groundless security accusations have failed to convince even some of its closest allies.

Analysts at Shanghai Chongyang Investment Co, an asset manager, said in a research note that the bond market may bear short-term pressure as some financial institutions would seek to sell bonds in compliance with the new regulation. They added that mid- and long-end interest rates in the market will likely remain at a high level.