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China should improve the yuan exchange rate management and shift to a more flexible regime along with in-depth financial opening-up, a leading financial think tank said.

China saw a total of 97 million domestic trips on Thursday, the first day of the eight-day national holiday. That figure is 73.8 percent of trips made during the same period last year, official data showed.

China pledged to deepen SOE reform in this year's annual government work report as a method to improve efficiency. Apart from measures like cutting capacity, managing "zombie companies," excising layers of hierarchy and calling for innovation among firms, China also introduced a mixed-ownership system.

China saw its heyday of publications centered around men and their lifestyle between 2006 and 2013, when annual growth rate of the distribution stayed as high as 30 percent. It was also in line with the surge of China's luxury market. With the rise of social media and individual influencers in recent years, however, a growing number of newspapers and magazines have shuttered, while others have shifted to become exclusivelydigital entities.

China saw robust foreign trade in 2017, which ended the drops of the previous two years by gaining 14.2 percent year-on-year.