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China's GDP expanded 6.9 percent year-on-year in the first three quarters, holding steady from a 6.9-percent growth in the first half despite a slightly slower 6.8-percent increase in the third quarter, official data showed.

China's P2P industry had seen fast growth in the past few years. Last year, many P2P firms reported business failures and fraud, prompting the regulators to step up oversight.

China will hand down more severe punishments to those who commit environmental crimes in the Yangtze River Economic Belt, according to a document issued by five central departments on Wednesday specifying offenses and punishment standards.

China's Contemporary Amperex Technology Co Ltd, Ant Financial Services Group and the bike-sharing startup will pour in an initial 1 billion yuan (4.6 million) in the new joint venture, which is primarily engaged in e-bikes' battery-changing services.

China will push for industrial transformation and upgrades in the region, and foster suitable sectors under the precondition of ecological protection, to achieve high-quality development in a scientific, orderly manner, Xi said.