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China's economy continued its strong recovery in August from the damage caused by the COVID-19 pandemic as key economic data pointed to a stabilizing growth trend and a steady rebound of domestic demand, the National Bureau of Statistics said on Tuesday.

China's deliberation period for its new five-year plan (2021-25) — the country's policy blueprint for medium-term social and economic development — kicked off on Monday. Check out some of the Hong Kong Special Administrative Region's major achievements, made throughout the 13th Five-Year-Plan period (2016-20) according to data from the SAR government.

China's forex market sentiment and participants' behavior were more rational and stable, according to Wang.

China's economy should return to normal in the second quarter following the novel coronavirus outbreak, whose impact on the global economy should be "relatively minor and short-lived", the top International Monetary Fund official said, as a senior Chinese banker also estimated the effect to be "temporary".

China's latest regulation came as authorities have repeatedly highlighted the importance of containing financial risk as the country faces a build-up of debt, and booming new financial products challenge regulations.