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China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.

China's economy is bouncing back to growth after a steep slump from the COVID-19 pandemic with better-than-expected indicators in the second quarter, said Yan Pengcheng, director of the Department of National Economy at the National Development and Reform Commission, during a news conference in Beijing on Friday.

China's economic performance has been generally stable with better momentum, which would stay unchanged during the rest of the year, NBS spokesperson Mao Shengyong told a press conference.

China's financial authority's emphasis on pushing market-based reforms to draw more long-term investors into the capital market and to enhance the quality of listed companies has given a boost to investor sentiment and will likely help extend the rebound of the A-share market, analysts said.

China's first tourist police unit was established in the city of Sanya in October 2015. This holiday period they have teamed up with inspectors from the city's industrial and commercial administration bureau to uncover tourism-related crime.