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China's bicycle manufacturers above designated size saw their revenue fall by 1.4 percent year-on-year to 35.72 billion yuan (.1 billion) in the first nine months, with their profit surging by 92.1 percent to 1.23 billion yuan.

China will halt and prohibit all business-oriented land reclamation activities and abolish local governments' authority over the matter in the strictest-ever control over reclamation, according to the State Oceanic Administration.

China's biggest electric carmaker BYD on Wednesday officially showed the world its automatic driving technology with the launch of a self-driving monorail system in Yinchuan, capital of the Ningxia Hui autonomous region.

China will likely import more high-quality agricultural and industrial products, cutting-edge technologies, and luxury goods from these regions, said Wei Jianguo.

China's central bank Monday announced a decision to abolish old regulations, to smooth operation of foreign-funded businesses, while another banking regulator also rolled out measures during the weekend to cut red tape for foreign lenders.