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China's SOEs will focus more on their main businesses, establish sound market-oriented operating mechanisms and further cut their monopoly roles to better adapt to the changing market environment, he said.

China's banking sector has maintained a relatively strong risk resistance capacity by increasing the appropriation of impairment losses on loans. Banks appropriated 1.4 trillion yuan of impairment losses on loans during the first eight months, up by 261.5 billion yuan year-on-year. The level of allowance for loan impairment losses to nonperforming loans of the banking sector stood at 176.5 percent, while its NPL ratio rose by 0.11 percentage point from the beginning of this year to 2.14 percent at the end of August, according to data from the CBIRC.

China's air transport industry will recover faster than other major foreign markets, as China has made remarkable achievements in the prevention and control of COVID-19, the Aviation Industry Development Research Center of China said in a report released Thursday.

China's Producer Price Index, which had negative growth for 54 months, began a positive growth in September 2016 and kept rising vigorously last year.

China will not be misled by comments of various kinds and will not give up fulfilling its due duties, Foreign Minister Wang Yi said on Sunday when asked about the Korean Peninsula situation.