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China will use various policy measures such as the re-lending program and capital replenishment instruments to encourage small-and medium-sized banks to give small businesses stronger credit support, a central bank official said on Thursday.

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's Guangdong province, Shanghai, Beijing, Zhejiang province and Jiangsu province have most billionaires. The five places' billionaire population and wealth accounts for the total's 69 percent and 76.37 percent from 50 percent and 54.05 percent in 17 years ago, according to the New Fortune.

China's automobile industry is gradually recovering from the novel coronavirus outbreak and the number of cars on the country's roads would overtake that of the United States by the end of this year, senior industry officials said on Thursday.

China will launch a month-long campaign across the country to promote consumption to consolidate the recovery in spending, the Ministry of Commerce said on Friday.