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China's outbound FDI, however, dropped sharply in the first two months of 2017 as Chinese regulators set stricter rules to crack down on irrational or illegal outbound investment activities amid mounting pressure of capital outflow.

China's economy grew at an annual rate of 6.9 percent in the first three quarters of this year. Final consumption accounted for 4.4 percentage points (64.5 percent) of that growth, with the rest coming from investment and net exports, according to the National Bureau of Statistics.

China's fourth national economic census will officially kick off on the first day of 2019.

China's composite steel price index fell 5.6 percent last quarter.

China's online-to-offline catering company Meituan-Dianping acquired bike-sharing firm Mobike, Meituan CEO Wang Xing said in an internal letter Wednesday, according to a report by tech.sina.com.cn.