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China's official Purchasing Managers' Index for the manufacturing sector came in at 50.9 in June, up from 50.6 in May, with the non-manufacturing PMI rising to 54.4 from 53.6 in May, showing better-than-expected indicators compared to high-frequency data.

China's immature credit ratings industry will face fierce competition against the international giants, requiring a much stronger regulatory system to foster domestic high-quality services, they said.

China's holiday binge in the first eight days of October bodes well for the fourth quarter, UBS Global Wealth Management's Chief Investment Officer Mark Haefele said on Friday.

China's home appliance sector saw a strong rebound during the second quarter of this year, with total revenue rising by 2.64 percent on a yearly basis to 248.6 billion yuan (.6 billion), on the back of a healthy surge in online e-commerce retail, a new report said.

China's current Constitution was adopted on Dec 4, 1982.