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The inflow amount of actively managed funds, which use MSCI indexes as investment benchmarks, however, may be dampened by the recent depreciation of the Chinese yuan and recent escalations in trade tensions that hurt global risk appetite, Zhang said.

The import of high-tech products continued to increase, reaching 902.5 billion yuan, up 9.5 percent. Integrated circuits were the most imported item, with a total value reaching 431.3 billion yuan, up 11 percent year-on-year.

The inclusion will bring about billion to billion into the Chinese capital market next year, estimated Wang Hanfeng, an analyst with China International Capital Corporation.

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The initiative was announced in a joint statement released after the Ninth US-China CEO and Former Senior Officials' Dialogue in Beijing.

The industry has also been able to lower the overall debt levels. By the end of June, the debt-to-asset ratio of the CISA members was 67.3 percent, a year-on-year drop of 3.9 percentage points. Net receivables decreased by 7.68 percent from last year, while the net accounts payable dropped 6.51 percent year-on-year.

The interiors of Junzi's five locations also look different from their traditional peers. Designed by some of the co-founders who studied arts and architecture in Yale, they are all simple, clean, bright and chic, or just as Instagrammable as the food. This also plays a vital part in attracting more young foodies who demonstrate their lifestyles through what and where they eat.

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The initiative will be of great significance in helping curb major accidents, the ministry said in a news release.

The institute cited "steeper than expected declines" in several states as the factors for lowering its estimate of 415,000 deaths by year's end that it had predicted on Sept 10. But it cautioned deaths could surge to more than 3,000 per day by the end of December.

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The institute was jointly launched by CAAS and the Chinese Academy of Engineering, a top think tank in China.

The index reflects inventory pressure of automobile dealers and is composed of inventory, market demand, dealership finances and surveys of dealers' purchases, sales and stocks. It should be lower than 50 percent when the market is healthy.