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China's booming e-commerce drove the growth of the express delivery sector and the firm offered better services to attract more customers, it stated.

China will strengthen supervision over the cross-border trade of animals amid efforts to contain the spread of African swine fever, according to a guideline issued by the State Council on Wednesday.

China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.

China's Ministry of Finance said in a statement on Friday that the decision was "perplexing" as it came while China's economy had been on a firm growth track following its achievement of higher-than-expected growth rates in the first half of this year and solid progress in economic restructuring and debt reduction.

China's booming e-commerce drove the growth of the express delivery sector and the firm offered better services to attract more customers, it stated.