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China's National Meteorological Center (NMC) issued a yellow alert for Typhoon Pakhar Sunday morning, as it has made landfall on the coast of Guangdong Province.

China's GDP expanded 6.8 percent year on year in the third quarter, compared with 6.9 percent in the second quarter.

China will raise the threshold of personal income tax and create expense deductions for items like children's education and treatment for serious diseases, Premier Li Keqiang said in the Government Work Report delivered to the first session of the 13th National People's Congress.

China's banking and insurance regulator said on Friday that it has approved the establishment of the first foreign majority-owned wealth management firm in China.

China will focus on building a modern industrial system and boosting its industrial upgrading under the new "dual-circulation" development pattern in the next five years, according to a communique issued on Thursday.