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China's banking and insurance regulator also instructed banks to allow enterprises to use their accounts receivable, orders, warehouse receipts and inventories as collateral to secure funds through supply chain financing, which refers to systematic financing arrangements for the benefit of all members of a supply chain.

China will devote more resources and support to its science fiction industry, hoping to create more quality sci-fi works that will inspire young people to be interested in the wonders of science, a senior China Association for Science and Technology official said on Sunday.

China's burgeoning e-commerce sector received a "fresh" boost from the longer-than-usual May Day holidays, with millennials and high-quality brands being the growth boosters.

China's central bank has expanded credit resources for commercial banks, to boost lending to small-scale and private businesses, with the policy going in an opposite direction to some major economies' monetary tightening.

China's automobile industry has recovered to relative normalcy and the trend will remain in the future. It is expected that the growth rate of the fourth quarter will be similar to that of the third, said Cui Dongshu, secretary-general of the China Passenger Car Association.