[Photo by He Haier/For China Daily]Property developer turned conglomerate Dalian Wanda Group Co Ltd on Thursday reported that revenues from its diversified operations convincingly outperformed its core property business in the first half of 2017, as the benefits continued to flow from the restructuring of its business portfolio.

Although certain Western media organizations and analysts take a pessimistic view on China's economy, the consumer market data from the country's exuberant consumer market during the "super golden week" has demonstrated convincingly that their gloomy sentiment is unnecessary.

"Given domestic and external headwinds, more policy easing is needed to convincingly stabilize economic growth," said Louis Kuijs, Head of Asia Economics at Oxford Economics, a British think tank.