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China's holiday binge in the first eight days of October bodes well for the fourth quarter, UBS Global Wealth Management's Chief Investment Officer Mark Haefele said on Friday.

China's crude oil imports soared to an all-time high in May, a reflection of a recovery in energy with demand getting back on track in the world's second-largest economy as business activity resumes following effective measures to contain the COVID-19 pandemic, industry insiders said.

China's earthquake rescue capability has increased by more than 200 percent in the past 10 years and an early earthquake warning system now covers most of the population in areas prone to temblors, and President Xi Jinping called on the nation this weekend to enhance disaster-prevention capabilities to guarantee people's safety and property.

China's online-to-offline market has continued to grow by around 30 percent year-on-year, with online-to-offline services to homes, such as food delivery and laundry, growing by 76 percent.

China's outbound investment is expected to "steadily slow down", as companies further strengthen their risk management capabilities to improve investment quality, according to professional services firm EY.