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China's consumer price index, a main gauge of inflation, rose 4.5 percent year-on-year in November, the highest monthly figure for the year, the National Bureau of Statistics said on Tuesday.

China's largest wine producer, Yantai Changyu Pioneer Wine Co, is purchasing 80 percent of Kilikanoon Estate Pty Ltd of Adelaide, Australia, at A.65 million (.45 million), a decision that will further enhance the Chinese winery's global portfolio and help meet Chinese consumers' growing demand for quality wine.

China's online education platform Yuanfudao announced on Tuesday it has raised billion in its latest round of financing, which marked the country's largest-ever fundraising in the online education sector.

China's financial sector could contribute more to stabilizing economic growth, amid a better balance with risk control, to create new growth engines and boost domestic demand, according to a Cabinet-level meeting.

China's economic growth slowed to 6.2 percent in the second quarter, its weakest pace in at least 27 years, with demand faltering at home and abroad amid ongoing trade frictions with the United States.