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China's foreign exchange reserves stood at .1249 trillion at the end of April, lower than the .1428 trillion registered at the end of March, according to the central bank.

China's innovation and entrepreneurship initiative began in 2014 and in July, the State Council, China's Cabinet, released a guideline that the government will encourage State-led investments as well as private investments in startups, especially those in the high-tech sector,to help finance innovation.

China's leading express delivery firm ZTO reported on Friday it would adjust fee starting the day of Nov 11. According to an announcement sent to its customers, service outlets of ZTO across the country could make their express fees adjustable to cater for the increase in parcel volume during peak days.

China's consumption upgrade trend has fueled people's spending intentions, said Vishal Bali, managing director of Nielsen China.

China's internet healthcare market is expected to surpass 90 billion yuan (.1 billion) by 2020 from 22.3 billion yuan in 2016, according to a Sootoo Research Institute report in April.