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An exciting part of Chinese consumerism is the rise of discretionary spending, according to Jeffrey Towson, managing partner of Towson Capital. He pointed out that the increase in expenditure on discretionary products in China annually is forecast to exceed 7 percent till 2020. Within this same period, the growth of spending on "semi-necessities" annually should hit 6 to 7 percent.

An investigation team dispatched by the Hunan provincial government, however, found the blast in Bixi Fireworks Manufacturing Limited actually claimed 13 lives, according to a media release from the Ministry of Emergency Management on Monday.

An essay on China's transformation published in the New York Times last year marveled that the country now led the world in the number of homeowners, internet users, college graduates, and even billionaires. Extreme poverty had fallen to less than 1 percent.

An official readout of the meeting from the US side said Perry also mentioned renewables, saying that's another area of "mutual interest", according to the Associated Press.

Among these arrestees, more than 1,600 have been prosecuted — 595 with rioting, 252 with possession of offensive weapons, and 236 with unlawful assembly.