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Though China's share of the global GDP is projected to hit 18.56 percent by year end, the share of the renminbi in global reserves hovers at 2 percent currently, the IMF said. The currency is now the sixth most used currency in international payments and is used to settle about 20 percent of China's trade, the IMF added.

This year's survey found 18 percent of the respondents staying in a vehicle, a "substantial" increase from previous years. The number of individuals living in cars, RVs and vans has increased 146 percent since 2015, reaching 3,655 individuals in 2019.

This was the seventh consecutive business day that the People's Bank of China (PBOC) has halted the open market operations of reverse repos, a process where it purchases securities from banks with an agreement to sell them back in the future.

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This year, the board has seen 512 listed companies complete stock issuance, raising 25.1 billion yuan. As of Friday, 8,373 companies are listed on the NEEQ.

Those with poor credit records - as well as people blacklisted in other sectors, including defaulters who fail to pay court judgments and violators of air and rail transport rules - "will all be banned from staying in star-rated hotels in Beijing or joining high-cost group tours", an unnamed official was quoted saying in the news release.

Though China is among SAP's top five markets, the company has long regarded the world's largest manufacturing powerhouse as its second home and is constantly growing its local presence by increasing investment, McDermott said.

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This year's landmark political event is unusual because it takes place while the pandemic is raging globally. China also faces the risk of the epidemic resurging as it embarks on economic recovery.

Thomas Fang, a partner in the China office of global consulting firm Roland Berger, said the segment of special use vehicles like those for the street stall business is relatively small, so they will not produce a momentum big enough to drive the whole vehicle market.

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This year also marks the 40th anniversary of the country's reform and opening-up policy, which injected vitality into the economy, sustaining it for four decades of steady, rapid growth.

Those who’ve participated in Startup Weekend absolutely love it, and I’ve always been amazed at what a bunch of smart geeks can do when they lock themselves in a room for a weekend.