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China's home-sharing market is surging, thanks to the fast-growing middle and high-income group, and the increasing popularity of homestays as a novel form of accommodation. Market transaction volume surged 70.6 percent year-on-year to stand at about 14.5 billion yuan last year, and the figure is expected to reach 50 billion yuan in 2020, according to a report by the State Information Center, a government think tank.

China's economic recovery picked up steam in the third quarter as activities normalized amid effective control of the COVID-19 pandemic and the Chinese government's sweeping efforts to stimulate demand and consumption, according to official data.

China's consumer inflation rate rose by a higher-than-expected 1.9 percent in October from a year earlier, compared with 1.6 percent in September, the National Bureau of Statistics said on Thursday.

China's economy expanded 6.9 percent in the first half of 2017, with consumption, services and innovation-driven sectors taking up larger roles in the economy.

China's largest charging infrastructure provider Qingdao TGOOD Electric Co Ltd with 2 million kilowatt-hour annual charging capacity and about 190,000 charging piles, has joined hands with the second player State Grid Corp of China, the third-ranked Star Charge, as well as China Southern Power Grid to launch a website and app for classifieds for EV drivers, named Uniev, to tap the growing market.