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China's monetary policy in 2017 is set to be "prudent and neutral," targeting M2 money supply to grow by around 12 percent, one percentage point lower than the 2016 target, to keep liquidity at appropriate levels.

China's economy will continue to recover, with limited COVID-19 effect on its sovereign credit, The Paper reported, citing global credit rating agency Moody's.

China's oil and gas sector is dominated by three state-owned heavyweights: China National Petroleum Corp (CNPC), China Petrochemical Corp (Sinopec) and China National Offshore Oil Corp.

China's leading online ride-hailing platform Didi Chuxing announced plans to start a deposit-free policy on its car-sharing platforms in the East China cities of Hangzhou and Ningbo, and will expand this model to more cities nationwide, according to a report by Beijing Daily. The move, amid a difficult time for some car- and bicycle-sharing counterparts, has shed some new light on the car-sharing industry.

China's fiscal spending expanded 8.8 percent year-on-year to around 15.31 trillion yuan during the January-August period, MOF data showed.