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Ant Financial Services Group has decided to upgrade its database business line into a standalone company, as it anticipates a major upgrade of the service.

Apart from coal consumption, dust from construction sites is also a major source of air pollution, said Qin Dadi, an engineer of the Chinese Academy of Geological Sciences. "Many studies, from both Chinese and international researchers, have pointed to dust from construction sites as a major source of air pollution."

Apart from focusing on middle-income earners, China's millennials will have more purchasing power because many of their parents not only own an apartment but are not weighed down excessively by accommodation or mortgage concerns, said Ma Yu, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation.

Any slight decline in coal prices would squeeze profits of Chinese coal companies but won't cause huge losses, Zhang said.

Another 30 percent of exporters to China highlighted the rising affluence and increasing disposable income of Chinese consumers as the key catalyst for their companies' sales growth.