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China's economic activity moderated in October as data from the National Bureau of Statistics showed on Tuesday, but the country's overall economic strength remains robust and is on track to achieve whole-year growth targets, an NBS official said.

China's currency is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.

China's exports remained resilient and increased by 12.5 percent year-on-year in dollar terms, Lian told Chinese media. In August, exports are expected to continue to grow at a fast pace, he said.

China's digital economy was worth 27.2 trillion yuan (.1 trillion) in 2017 and accounted for 32.9 percent of China's gross domestic product, according to the China Academy of Information and Communications Technology. Last year, 171 million people worked in sectors related to China's digital economy, which accounted for 22 percent of the nation's workforce.

China's investment environment is expected to become more stable, open and transparent, as the draft foreign investment law stipulates foreign enterprises will receive pre-established national treatment plus a negative list management system, according to the Ministry of Commerce on Saturday.