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China saw 5,197 illegal fundraising cases in 2016, involving 251.1 billion yuan (.8 billion), down 14.48 percent and 0.11 percent year-on-year, respectively, official data showed.

China said on Monday that it had approved .74 billion of additional quotas for 13 qualified foreign institutional investors in the first four months of this year, which already exceeds the total quota approved in 2018. Among that, a total of .2 billion in quotas were approved for nine institutions under the QFII scheme in April, said the State Administration of Foreign Exchange, the country's foreign exchange regulator.

China launched Venezuela's second remote-sensing satellite, VRSS-2, into space on Monday.

China suggested necessary reforms of the WTO be made so as to overcome the crisis, strengthen its authority and efficacy, and enlarge its relevance in terms of global economic governance. It also proposed strengthening the inclusiveness of the multilateral trading system, said an official with the Department of WTO Affairs at the Ministry of Commerce, in an online statement late on Tuesday.

China put forward the "dual circulation" development pattern in May. Domestic circulation, or the internal cycle of production, distribution and consumption, is expected to be the mainstay of economic development while it is integrated with "international circulation" to promote the smooth two-way flow of goods and capital.