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Chinese luxury spending is expected to double to 1.2 trillion yuan (9.7 billion) by 2025, delivering 65 percent of growth in the market globally, a McKinsey report said.

Chinese businesses have resumed normal operations at a much faster pace than anticipated, thanks to the timely measures enacted in the country to curb the novel coronavirus outbreak, the nation's top industry regulator said on Thursday.

Chinese investment in commercial property in the United Kingdom has fallen by more than 70 percent this year, according to new data, with analysts attributing the drop to the control of capital outflows from China and uncertainty over Britain's pending exit from the European Union.

Chinese private enterprises played a bigger role in trade by contributing 39.6 percent to total trade, up 1.2 percentage points compared with the same period last year.

Chinese police have captured more than 2,700 suspects and uncovered 8,000 cases involving cross-border telecom fraud since 2016, a senior official from the Ministry of Public Security said.