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China first launched its credit record system in 2006. By the end of 2019, the system had kept records for more than 1 billion individuals and 28.34 million enterprises and organizations. Some 2.5 billion inquiries have been conducted with the system so far, according to the central bank.

China expects to become the second-largest market for wine by 2021, replacing the United Kingdom, as young consumers' preferences are evolving, experts said.

China has almost addressed all the fiscal irregularities from 2018 identified in an audit report, according to the country's top auditor. Such rectifications involved about 310 billion yuan (.33 billion), said Hu Zejun, head of the National Audit Office. Many local governments have rolled out measures to push forward related rectifications, and different departments have enhanced coordination to improve rectification efficiency, Hu said. The NAO would continue to follow up on the rectification progress, Hu said.

China has made great progress in curbing graft among high-ranking officials, and it will attach more attention to uncovering crimes in the fields of poverty relief, pollution control and fighting mafia-like gangs to avoid corruption at the grassroots, according to experts.

China handled a total of 121 million passenger trips during the five-day May Day holiday, which ended on Tuesday, according to the Ministry of Transport on Thursday.