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China's housing market had a red hot start to 2017 with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that "housing is for living in, not for speculation."

China's foreign exchange reserves in September rose to their highest level so far this year to reach .11 trillion, marking growth for the eight straight month, as capital outflows eased thanks to the stronger renminbi, central bank data showed on Monday.

China's growing middle class is demanding high-quality services, putting more pressure on a medical system that is grappling with new health issues such as cancers, heart disease and obesity brought about by lifestyle changes.

China's first-quarter GDP beat market expectations to grow by 6.4 percent year-on-year and was virtually unchanged sequentially.

China's financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the country will deepen supply-side structural reform in the financial sector and strengthen the sector's ability to serve the real economy.