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China's exports beat market expectations in July, surging by 10.4 percent year-on-year to 1.69 trillion yuan, while the country's imports grew by 1.6 percent to 1.24 trillion yuan.

China's consumer inflation picked up more than expected in August, mainly driven by food price increases due in part to seasonal factors.

China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures including the debt-for-bond swap to reduce the local debt burden.

China's largest telecom equipment maker and smartphone vendor Huawei Technologies Co Ltd unveiled a range of artificial intelligence chips on Wednesday, in what is arguably its biggest-ever push to expand its presence in the semiconductor sector and to compete with US companies such as Nvidia Corp.

China's leadership has attached great importance to the HR service industry. In his report to the 19th National Congress of the Communist Party of China, General Secretary Xi Jinping said China will foster new growth areas and drivers of growth in six economic sectors, including human resources services and midrange and high-end consumption.