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China's security regulator has been taking steps to reform the stock exchange listing mechanism in an effort to invigorate the country's capital market and foster the new economy.

China, the world's largest developing economy, registered a 6.2-percent growth year-on-year during the first three quarters of 2019, within the government's annual target of 6-6.5 percent, according to data from the National Bureau of Statistics.

China's yuan climbed to a 16-month high on Wednesday as the better-than-expected economic data reinforced the market's confidence in the country's recovery from the COVID-19 epidemic.

China, as a key partner in the summit, will organize a three-day forum — "China Pavilion" — in collaboration with the state of California, on the sidelines of the summit.

Chinese SUV brands are in hot pursuit of their international rivals, according to a new industry report that suggests indigenous vehicles offer better value for money and are more in line with the needs of young Chinese drivers.