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China's college graduates are leaving first-tier cities for second-tier ones, according to the annual College Graduates' Employment Report issued on Monday.

China's official PMI also showed activity in the services sector expanded at a faster pace in September.

China's economy is continuously growing and Chinese enterprises have closer ties with the world. Business aviation is a better way to facilitate cooperation and competition, even in tough markets, he said.

China's derivatives market is expected to embrace a big round of opening-up this year as the country's policymakers aim to facilitate high-quality development by encouraging greater participation of foreign investors and drawing more long-term institutional capital into the Chinese financial industry.

China's grain output grew at an average annual rate of 2.6 percent from 1949 to reach 658 billion kg in 2018, managing to feed around 20 percent of the world's population with only less than 9 percent of the world's arable land, according to the report.