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China's State-owned lenders helping finance work recovery of micro and small enterprises from the COVID-19 epidemic

China's auto market has gradually recovered from the coronavirus pandemic with five consecutive months of positive growth. The market is expecting a better performance in the traditional peak months of September and October, according to the latest prediction and statistics released by the China Association of Automobile Manufacturers, which said August sales reached 2.19 million units, up 11.6 percent year-on-year and 3.5 percent month-on-month.

China will not surrender to external pressure, Vice-Finance Minister Zhu Guangyao reiterated earlier this month.

China's Foreign Ministry Spokesman, Wang Wenbin, earlier on Monday said recent remarks and actions by Britain in connection with Hong Kong violated international laws and international relations, and grossly interfered in China's internal affairs.

China will pursue a more proactive and effective fiscal policy in 2017 to support economic growth, with the government fiscal deficit set at 3 percent of GDP, or 2.38 trillion yuan for this year, a year-on-year increase of 200 billion yuan.