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China's fiscal deficit increased from 2.18 trillion yuan in 2016 to 2.76 trillion yuan in 2019. This year, it was raised to 3.76 trillion yuan to mitigate the negative effects of the COVID-19 pandemic. The fiscal deficit ratio has risen to 3.6 percent of GDP this year, the highest level since the founding of the People's Republic of China in 1949, according to the ministry.

China's integrated circuit design industry has maintained fast growth this year as the country took decisive action to contain the epidemic, according to an industry expert. [Photo/Sipa]

China's investment in BRI countries has exceeded 0 billion so far, while China has received billion of investment from those countries, Qian Keming, vice-minister of commerce, said at a press conference.

China's consumer inflation rate rose by a higher-than-expected 1.9 percent in October from a year earlier, compared with 1.6 percent in September, the National Bureau of Statistics said on Thursday.

China's economy grew at an annual rate of 6.9 percent in the first three quarters of this year. Final consumption accounted for 4.4 percentage points (64.5 percent) of that growth, with the rest coming from investment and net exports, according to the National Bureau of Statistics.