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China's consumer landscape is renowned for its fast-paced developments, with consumer preferences shifting as quickly as new apps and e-commerce platforms enter the market, said Chloe Reuter, founder and chief executive officer of Reuter Communications.

China's major economic indicators put up a mixed performance in October, with industrial output and investment growth picking up while retail sales growth slowed, according to the National Bureau of Statistics on Wednesday.

China's grain output reached over 650 billion kilograms for a fifth straight year, and last year's yield of 663.9 billion kg set a new record, Wei Baigang, director of the ministry's development and planning department, said, adding that the per capita output of grain has been higher than the world average since 2010.

China's economy continued steady expansion in the first three quarters, with growth at 6.9 percent year-on-year, above the government target of 6.5 percent for 2017.

China's foreign exchange reserves fell slightly to .11 trillion in August. [Photo/VCG]