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Chinese authorities recently announced that the country would remove a ban on imports of Japan's deboned beef under 30 months old starting Dec 19.

Chinese mobile content aggregator Qutoutiao apologized for its suspected illegal advertisements, including misleading health claims and even gambling. The company said on its Weibo account it would carry out an investigation and strengthen its review of advertisements. The New York-listed company saw its shares down 23.04 percent on Thursday.

Chinese central bank officials have confirmed that foreigners and companies from overseas can hold the digital renminbi even without opening an account in Chinese banks, which means a more convenient way for cross-border payments.

Chinese banks should make strategic moves for transformation to increase their economic value, said McKinsey & Company in a report Wednesday.

Chinese car maker BYD reported it sold 12,567 NEVs in October, slumping 55 percent year-on-year.