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China's GDP growth slowed to 6 percent year-on-year in the third quarter, the lowest quarterly expansion in 27 years. Manufacturing activity shrank for the sixth consecutive month in October, with the purchasing managers index for manufacturing coming in at 49.3, according to the National Bureau of Statistics. A reading below 50 indicates contraction.
China will look to add more trading platforms to its Bond Connect with offshore markets and expand the scope of services this year to increase overseas participation in the world's second-largest bond market, monetary authorities said.
China's central authorities have been continuing on a set course to advance reforms and open the economy to foreign companies. The country has also made concerted efforts to spur domestic consumption.
China will never seek its development at the cost of sacrificing other nations' interests, and its development will pose no threat to any other country, President Xi Jinping said on Tuesday.
China's Tibet autonomous region has created more 60,000 new jobs in 2019, with the employment rate standing at 75.5 percent, China Tibet News reported on Tuesday.
