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China's economy ended on a strong footing in 2017 with a better-than-expected growth rate of 6.9 percent. Official data showed an improved economic structure, with new growth drivers emerging and outdated capacity decreasing.

China's fiscal revenue increased at a steady rate of 10.6 percent on an annualized basis during the first half of this year with fiscal spending in key sectors growing at a faster pace and sustaining economic growth, the Ministry of Finance said on Friday.

China's economic growth beat market expectations in the first two months, an indication that the world's second-largest economy is expanding steadily and can achieve its preset growth target of about 6.5 percent, analysts said.

China's intellectual property rights protection will be further intensified via legislation and law enforcement to maintain market order and improve economic and technological development.

China's holdings of US Treasuries totaled .139 trillion in October, down by .5 billion from the previous month.