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China's GDP is forecast to increase by 1.3 percent this year, followed by growth of 6.9 percent in 2021, it said.

China's bicycle-sharing company Mobike Technology sued a Shanghai-based company for equipping its shared bikes with seat covers printed with advertisements, according to a Friday report by cnr.cn, the official website of China National Radio.

China's GDP growth has been slowing steadily since the first quarter of 2010, when it exceeded 12 percent year-on-year. In the third quarter of 2019, the GDP growth came in at 6 percent year-on-year, the lowest since 1992. Such a steady deceleration is unprecedented for the world's second-largest economy.

China's Ministry of Commerce said in August that China will pilot the digital renminbi in select regions across the country, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area and some eligible locations in midwestern China.

China will explore broader cooperation with Africa in such new areas of business as the digital economy, smart cities, clean energy and 5G technology to boost Africa's development and revitalization, Xi said.