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China's insurance regulator has stepped up the regulation of insurers' assets and liabilities by releasing a new set of rules, aiming to reduce the sector's exposure to risky assets and curb potential liquidity risk resulting from aggressive business strategies.

China's foreign trade maintained stable growth during the first 10 months of the year, and is expected to continue growing for the rest of this year and next.

China's grain production capacity, agricultural modernization and farmers' incomes have improved tremendously in the past decades, and this has established the foundations to shift the focus, Han said.

China's cinema companies boast over 60,000 screens in all, which generated almost 61 billion yuan (.7 billion) in revenue last year. But this year, box-office receipts slumped, sparking concerns as well as moves to reverse the industry's fortunes.

China's fiscal spending expanded 8.7 percent year-on-year to around 19.06 trillion yuan during the January-October period, the MOF data showed.