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China's current account has been influenced by the novel coronavirus pandemic, largely due to weaker external demand and dwindling trade surplus in goods.

China's foreign trade volume dipped by 4.9 percent year-on-year to 11.54 trillion yuan (.63 trillion) in the first five months of this year, with exports down 4.7 percent and imports dropping 5.2 percent year-on-year, according to the General Administration of Customs.

China's medical expenditure has increased rapidly over the past few years. Total medical costs of public hospitals, which are the primary healthcare providers, should not have increased by more than 10 percent last year, according to a target set by the State Council Medical Reform Office.

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 flagship trade event looks to engage exporters amid pandemic