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China's currency is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.

China's granting export quotas for refined oil products to non-State-owned refineries in the Zhejiang Pilot Free Trade Zone will ease the country's domestic oversupply of petroleum products, while sharpening the competitive edge of local refiners, said insiders.

China's envoy called for the international community to speed up global poverty reduction at a United Nations meeting.

China's leading digital payment platform Alipay on Tuesday unveiled a three-year plan to support the digital transformation of 40 million service providers by working with 5,000 independent software vendors.

China's forex reserves have been invested in a diverse and decentralized manner to keep assets safe and ensure they grow in value steadily, said the forex regulator in a statement.