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In Shenzhen, Bank of China and Bank of Beijing lowered their mortgage interest rate for first-time home buyers from 1.15 times the benchmark interest rate to 1.1 times, with Citibank going further to 1.09 times, Beijing News reported last month.

In October, MAXAM, a provider of energetic materials and blasting solutions, opened its first plant in Shandong province. Jose Fernando Sanchez-Junco Mans, company chairman and CEO, said China's economy is now on its strategic transformation trajectory to sustainable and high-quality growth, which provides tremendous business opportunities for the company.

In October, the number of hogs available for slaughter soared 26.9 percent year-on-year, and that of the breeding sows in stock surged 31.5 percent from the same period last year.

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In Wuhan, Hubei province, the rate of patients cured and discharged from hospitals has reached 72.9 percent. In other regions of Hubei, the recovery rate stands at 92.7 percent and across the rest of the country, the rate is 97.3 percent, according to Mi.

In October, LandSpace, another private space company based in Beijing, launched a carrier rocket, the first of its ZQ 1 series, at the Jiuquan center, aiming to complete an orbital mission. However, the rocket, which carried a small satellite, failed to reach orbit due to mechanical malfunctions.

In September 2017, China banned trading platforms from cryptocurrency trading and called for a halt to raising funds via initial coin offerings. At the same time, the People's Bank of China was actively preparing for digital fiat currencies – the digital forms of a sovereign currency that is backed by the central bank. Last year, Yao said the PBOC has successfully designed a prototype that can regulate the supply of its future digital fiat currency.

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In Yanliang, it will undergo further testing.

In May, Luckin Coffee pledged to become the largest coffeehouse operator by opening 10,000 stores in China by 2021. Starbucks currently dominates the market with 3,800 stores in China and plans to open more than 6,000 stores by 2022.

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In May, China included 25 fentanyl analogues on the list of controlled substances, four more than the US. The move means that those who produce or distribute fentanyl can receive the maximum punishment for drug trafficking — death.

In October, JD launched parcel delivery services for individuals in 17 cities including Beijing, Shanghai, Guangzhou and Shenzhen, and later extended it to 31 cities. In order to use the service, customers would ask for a pickup through the firm's app.