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China's export growth eased for the second consecutive month in August to 6.9 percent in yuan-denominated terms－down from 11.2 percent in July－as global demand softened, according to data released on Friday by the General Administration of Customs.

China's economy still faces the risk of high leverage while the leverage ratio of some SOEs remains high, Yi Gang, the governor of the People's Bank of China (PBOC), said at the China Development Forum 2018 in late March. The country should complete the corporate governance structure of financial enterprises and strengthen the liability constraint of SOEs, he added.

China's foreign trade rose 14.2 percent year-on-year in 2017, ending two years of drops, the General Administration of Customs said Friday.

China's economy continued to gather steam in November thanks to previous credit policy and robust export demand, the journal quoted Li Wei, an economist with Standard Chartered PLC, as saying.

China's iron ore futures officially opened to foreign traders on Friday at the Dalian Commodity Exchange in Dalian, Liaoning province.