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The PBOC report showed that the leverage level of China's household sector, or the outstanding debt-to-GDP ratio, stood at 49 percent by 2017, lower than the average level of 62.1 percent globally, but higher than 39.8 percent in the emerging markets.

The National Congress is "greatly important" at a time the country is undergoing the decisive stage in finishing the building of a moderately prosperous society in all respects as well as the crucial period of the development of socialism with Chinese characteristics.

The NDRC-ADB report says the problem of licensing nonstandard food is "very prominent in Gansu and Yunnan provinces". It goes on to say that "the traditional workshop-style process will be replaced by factory production, which will have a huge impact on traditional locally processed specialty food. It is very difficult to maintain the original taste and flavor of the food."

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The National Meteorological Center said from Saturday evening to Sunday evening, snowstorms would hit parts of Shaanxi, Shanxi, Henan, Hebei and Qinghai provinces, as well as Inner Mongolia and Tibet autonomous regions, with 5 to 10 centimeters of snowfall expected.

The New York Times reported on Monday that the DPRK was "moving ahead with its ballistic missile program at 16 hidden bases that have been identified in new commercial satellite images."

The PBOC said in a report that the country's overall leverage rose to 250.3 percent last year, up by only 2.7 percentage points from a year ago. "The growth rate dropped substantially," it said.

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The NFGA said by 2035, the country will see further expansion of the industry with more improved structure and sufficient supply of high-quality forest resources.

The NDB President K.V. Kamath said at the signing ceremony that China invested 0 billion in renewable energy from 2015 to 2016, more than the investments of Europe and the United States combined.

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The Nanjing Massacre unfolded when Japanese troops captured the city in Jiangsu province on Dec 13, 1937. In six weeks, they killed some 300,000 Chinese civilians and unarmed soldiers.

The PPI data came along with the release of the consumer price index, a main gauge of inflation, which dipped 0.5 percent year-on-year in November.