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China's deleveraging campaign may halt due to the COVID-19 outbreak, as local governments will need to raise more debt to plug financing shortfalls due to the higher spending on infrastructure construction.

China's demand for gold bars and coins soared 30 percent year-on-year to 105.9 metric tons in the first quarter of this year, the fourth strongest quarter on record, according to a report released by the World Gold Council on Thursday.

China's economic rebound has picked up pace, with factory activity expanding strongly in September as the recovery in sector demand and production sped up, the Wall Street Journal reported.

China's movie box office revenue rose 13.45 percent in 2017 to more than 55.9 billion yuan (.6 billion), with domestic films contributing 53.84 percent to the market, according to the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT).

China's foreign trade rose to 2.93 trillion yuan (2.1 billion) in July, up 6.5 percent year-on-year, Customs data showed.