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China will create fresh momentum for exports in e-commerce and processing trade, and will actively respond to foreign restrictions in order to stabilize the country's foreign trade growth this year, a customs official said on Tuesday.

China's bike-sharing market is expected to rake in 10.3 billion yuan this year, a 736 percent increase on 2016, according to iiMedia Research. The market intelligence company forecast that the number of shared-bike users would soar to 209 million, up from 28 million last year.

China's GDP expanded 6.9 percent year-on-year in the first three quarters, holding steady from a 6.9-percent growth in the first half despite a slightly slower 6.8-percent increase in the third quarter, official data showed.

China will raise its defense budget by 8.1 percent in 2018, according to a budget report to be submitted to the national legislature Monday, up from last year's 7 percent.

China's Hongbo Group invested 0 million to build a LED lamp factory in that country.