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An old friend of China is in awe as the country approaches its long-held goal of eradicating extreme povertyEditor's note: As China aims to eliminate extreme poverty and be a "moderately prosperous society" (xiaokang shehui) in time for the 100th anniversary of the founding of the Communist Party of China next year, we talk to experts for their take on the country's commitment.

An uncertain trade outlook could also impact the freight business as well in February, the report noted, which is typically the slowest month for US imports of Chinese goods.

And the growth potential is huge, as smart home technology has only reached a penetration rate of 5 percent. The smart home industry is therefore poised to enter a period of rapid expansion, according to the consultancy.

Analysts noted that the 51st ASEAN Economic Ministers meeting, held in Bangkok from Sept 6 to 11, comes at a time that the region faces the economic uncertainties due to the trade tensions between the United States and China, the United Kingdom's exit from the European Union, and weakness in both global investments and consumer demand.

Andrey Denisov, Russian ambassador to China, said China "has attached great importance" to the institution-building of CICA, and its efforts include promoting semiofficial or nongovernmental dialogue.