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China's online shopping extravaganza, Singles Day, that ran from Nov 1-11, set a new record this year, with sales on Alibaba's Tmall totaling 498.2 billion yuan (.1 billion). The popular items snapped up this year were more than just lingerie, shoes and hair dryers.

China's new energy vehicle market is experiencing its hardest time in a decade.

China's financial supervision needs to keep pace with new changes and phenomena in the sector, and supervision rules must be updated in a timely manner, stressed Guo Shuqing, chairman of the CBRC.

China's financial sector did not stop opening up amid the epidemic. For example, Oaktree Capital Management, a global asset management firm focused on alternative markets, established a wholly owned subsidiary in Beijing in February. China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country. More foreign financial institutions are expected to be established and cooperation projects landed in China in the second half of this year. The Chinese economy has shown strong resilience amid the COVID-19 pandemic, said Leo Yin, manager of Deutsche Bank China Beijing Branch.

China's economy is expected to stabilize in the fourth quarter, as positive factors will drive a rebound for the economy, said experts and officials.