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China's average REER rate in 2018 appreciated by about 1.4 percent relative to 2017, driven by the appreciation in the nominal effective exchange rate, the report said, adding that external balance assessment indicated that China's REER to be at the same level as warranted by fundamentals and desirable policies.

China's Ambassador to the UK Liu Xiaoming received the Freedom of the City of London on Monday, a title of privilege that dates back to the 13th century.

China will further efforts in building a fair business environment in which domestic and foreign companies are treated equally, continuing to make China the most attractive destination for investments, Li said.

China will encourage new tourism-related activities in Hainan province, such as horse racing, sports betting and an instant lottery, to help build the province into a leading global tourism destination, central government authorities said.

China's Contemporary Amperex Technology Co Ltd, Ant Financial Services Group and the bike-sharing startup will pour in an initial 1 billion yuan (4.6 million) in the new joint venture, which is primarily engaged in e-bikes' battery-changing services.