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The PBOC started research on its digital legal tender in 2014. The State Council approved the PBOC's digital currency development program at the end of 2017, jointly with some qualified commercial banks and institutions. The central bank called the new money as "digital currency and electronic payment".

The PBOC said that, by the end of last year, 99 percent of the third-party companies' payments that previously processed bilaterally with commercial banks, have been transferred into a centralized clearing system. The function will be performed by two State-owned clearing houses－NetsUnion Clearing and China UnionPay, with the latter mainly focusing on bank card payments.

The PMI reflects the manufacturing sector's performance. A figure above 50 indicates growth in the sector, while anything below points to contraction.

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The North Star Metric, a concept from Silicon Valley that helps companies to achieve long-term sustainable growth, highlights product development and brand value delivery.

The NPC Standing Committee, the country's top legislature, later disqualified the 45 deputies. The 523 provincial congress deputies resigned or were also disqualified.

The Ministry of Industry and Information Technology has called for more efforts to propel the application of 5G in a wide range of fields, which include VR, AR, livestreaming, games and entertainment. VR and AR devices will massively benefit from 5G's ultrawide bandwidth, high speed and low latency.

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The Ministry of Public Security has warned the public of the risks including peak flows on expressways and around tourist sites, heavy rainfall, and more traffic violations.

The NRF, which polled 7,917 adult consumers for the survey, found that 56 percent of consumers had already begun their holiday shopping by the first week of November, about the same as the past few years.

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The NDRC also approved a project to build a 111.8-km section of a rail line connecting the eastern cities of Shanghai and Nantong, with an estimated investment of 36.8 billion yuan.

The Nansha Bridge connects Guangdong's expressway network－from Dongchong in Guangzhou's Nansha district where Nansha Port is located, to Shatian in Dongguan, known as "the world's factory".