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China's consumer inflation growth eased in October due to cooling domestic demand and a high base last year, officials said on Friday.

China's express delivery business grew significantly this year. More than 40 billion packages were delivered between January and July, surpassing the total volume of 2017, according to data published by the State Post Bureau of China.

China's exports increased 10.8 percent to reach 15.33 trillion yuan while imports surged 18.7 percent to 12.46 trillion yuan in 2017.

China's explosive e-commerce market and increasing labor costs are forcing logistics service providers to look for alternative approaches, said Charlie Dai, principal analyst at consultancy Forrester.

China's economy will continue to recover in the second half of this year, and it is expected to achieve economic growth for 2020 under the pandemic's impacts, said Yi Gang, governor of the People's Bank of China (PBOC), Xinhua reported on Sunday.