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China's key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather COVID-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.

China's nationwide credit information system is composed of a national financial credit information database and market-oriented credit information institutions. By the end of August, the national database included information on 25.42 million companies and 970 million individuals, becoming the world's largest.

China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures to reduce the local debt burden.

China's civil aviation watchdog is stepping up efforts to keep airlines on schedule amid a midsummer travel peak that coincides with frequent extreme weather, including storms and heavy rain.

China's economic circle believes, Liu added, that China's economy started its medium-speed growth in 2016. On the demand side, China's high growth was mainly driven by high investment. The demand side－China's export and investments in infrastructure projects and real estate－hit bottom at the end of 2016.