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China will remain a competitive supply chain choice for foreign firms as it has a broad spectrum of strong upstream suppliers and downstream clients, said government officials and business leaders.

China will scale up measures to spur the growth of the digital economy in a bid to inject new impetus into the economy and foster high-quality development, said the nation's top industry regulator on Saturday.

China's State-owned enterprises under central government administration posted a record high net profit of 1.11 trillion yuan (6.94 billion) from January to September, thanks to more supply-side reforms, reducing the asset-liability ratio requirement and adding curbs on capital outflow.

China's central bank has raised its re-lending quota by 50 billion yuan (.3 billion) to boost financial support for small and micro firms and private businesses.

China will push for "targeted integration" in the areas of grain storage, edible oil processing and maritime engineering within its centrally administered State-owned enterprises in the second half to improve their efficiency and the nation's grain security, according to the country's top State assets regulator.