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China's foreign direct investment increased 3.3 percent year-on-year to 701.16 billion yuan (1.23 billion) in the same period, with the FDI rising by 7.2 percent year-on-year to 64.46 billion yuan in October, the MOC said.

China's emergence as a key player in the sector in a relatively short space of time has attracted the attention of financial centers seeking to tap a growing market.

China's nighttime consumption volume in the first quarter dropped by over 40 percent year-on-year due to the outbreak of COVID-19, according to China UMS data. The volume began to rebound in the second quarter after infections waned following national efforts to battle the epidemic.

China's housing authority has endorsed a pilot joint ownership housing scheme in Beijing and Shanghai, as part of government efforts to stabilize the property market.

China's coal and power industries are expected to see more mergers in the second half of the year, due to State-owned enterprise reform policies, industry insiders believe.