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As of the end of June, rural tourism in China had provided jobs to 8.86 million people, the report said.

As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores. It said the stores will close in phases throughout the Chapter 11 process and details of the first phase will be disclosed in the coming weeks. Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marcus, J.Crew and Stage Stores. Plenty of other retailers are expected to follow as business shutdowns across the country have evaporated sales. In fact, U.S. retail sales tumbled by a record 16.4% from March to April.

As of the end of June 2018, MYbank had served 10.42 million small and microenterprises, providing credit worth 1.88 trillion yuan to its clients, including small businesses, consumers and farmers, according to the data posted on its website.

As of the end of September, China's external assets reached .8 trillion and its external debts stood at .1 trillion, up 5 percent and 9 percent, respectively, from the end of last year.

As part of the revitalization project, 50 time-honored brands, most of which have been around for more than half a century, will be selected to undergo upgrades before being reintroduced to domestic shopping spots like tax-free shops, train stations, airports and pop-up stores at prime locations.