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China saw improved elderly care system, with 163,800 elderly care institutions and facilities offering 7.46 million beds for senior citizens as of the end of 2018.

China should promote the marketization of the exchange rate formation mechanism, allowing the market to play a decisive role, said Zhou Jingtong, a senior researcher with the international finance institute of the Bank of China.

China will continue to promote the application of digital tickets and explore more flexible pricing mechanisms for high-speed trains, he said.

China saw 425 million domestic tourist visits in the first four days of the eight-day holiday that consists of the Golden Week and the Mid-Autumn Festival starting from Thursday, with total tourism revenue hitting 312 billion yuan (.8 billion). Consumption at tourist attractions nationwide during the holiday is expected to rebound to around 90 percent of that in the same period last year, according to an earlier report issued by the Meituan Research Institute.

China maintained its leading role in the global tourism market with outbound tourists spending 8 billion in 2017, accounting for one-fifth of the world's total spending on tourism, according to a world tourism report.