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China's economy recovered steadily in October as the latest data showed the continuous expansion of the manufacturing and services sectors. Economists expect structural reforms and opening measures unveiled in the country's newly proposed five-year plan and its development goals for 2035 will help sustain long-term growth.

China's industrial profit grew 22 percent in the first half of the year, much faster than the 8.5 percent increase in 2016, according to the National Bureau of Statistics.

China's news aggregator Yidianzixun launched a program to boost the healthy development of self-media and encourage self-media operators to produce high-quality content in Beijing on Wednesday.

China's move shows that the country is deploying resources to help its manufacturers to ease the impact from the US irrational trade policies and guide domestic companies to seek new import channels from global markets such as Germany, Brazil and South Korea for different products, said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

China's crude oil output grew 0.8 percent year-on-year to 190 million tons last year, snapping the declining trend since 2016, said the National Bureau of Statistics. About 650 million tons of crude oil were processed in 2019, up 7.6 percent year-on-year, while the country aims to increase its annual domestic crude oil output to more than 200 million tons this year, said the bureau.