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China's consumer market continues to recover currently with a gradual burst of urban vitality and accelerated night consumption, said Fu Yifu, senior researcher of Su Ning Financial Research Institute.

China's intellectual property comprehensive development index has risen significantly in the past decade, according to a report released on Monday.

China's official non-manufacturing PMI stood at 54 in April, down from 55.1 in March but still well above the break-even point of 50. Caixin has yet to release its service PMI for April.

China's economy is transitioning from a high-speed growth stage to a high-quality development phase.

China's fixed-asset investment growth was 5.4 percent in the first three quarters, 0.6 percentage point lower than in the first two quarters but 0.1 percentage point higher than in the first eight months, indicating that growth was slightly accelerating.