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China's currency, the yuan, 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 gross domestic product growth registered a rate of 4.9 percent year-on-year in Q3, a further expansion following the second quarter's 3.2 percent, data from the National Bureau of Statistics showed Monday.

China's decision to hold the Canton Fair online under such unique circumstances is conducive to the safe and smooth operation of the global industrial and supply chains and stable foreign trade and investment, said Ren Hongbin, assistant minister of commerce. The fair will also safeguard the multilateral trading system and boost economic globalization, he said.

China's medical aesthetics market reached 122 billion yuan (.5 billion) in 2018, with compound annual growth rate from 2014 hitting 23.6 percent. The market is expected to triple to 360 billion yuan by 2023, according to research firm Frost& Sullivan.

China's economic growth has continued during the past five years, while "the financial system has facilitated the country's high growth rate and the consequent sharp decline in poverty rates", the main report said, calling on the financial sector to better support China's economic transformation from an export-and investment-driven model to one depending more on services and consumption.