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The Chinese CBDC will be controlled by the central bank, and residents will be able to exchange the digital currency in commercial institutions. [Photo/IC]

The Central Commission for Discipline Inspection published pilot rules in January 2017 to strengthen self-supervision, which has played an important role in building inspection teams with loyalty, moral integrity and responsibility, a circular issued along with the latest rules said.

The China-US interest rate differential is usually seen as one of the key factors influencing the pace and direction of cross-border capital flows. A higher US interest rate will attract more capital into its capital market seeking higher investment returns.

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The Caixin/Markit Manufacturing Purchasing Managers Index came in at 50.4, up from 49.6 in May, the fastest pace of growth in three months, according to survey results released on Monday.

The Caixin/Markit China General Services Purchasing Managers' Index, which measures business activities of the sector and surveys mostly smaller businesses, rose to 57.8, the second highest reading since April 2010, from October's 56.8. It represented a 1 percentage point growth on a monthly basis. The reading was just 0.6 percentage point lower than the decade-high of 58.4 registered in June.

The Chinese government also built two schools under an educational aid program for Egypt.

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The Chinese and the French economies complement each other in many ways, said Tu. "France has strong advantages in technology, fashion, creative industries and the like, while China has a large domestic market undergoing consumer and industrial upgrading."

The Central Commission for Guiding Ethics and Cultural Progress launched a campaign on Monday to eliminate unethical or dishonest behavior in economic and social areas, including cheating on exams.

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The China-Pakistan Economic Corridor is a the symbol of the regional economic development between China and Pakistan.

The Cathay Africinvest Innovation Fund, with a projected size of 150 million euros, will be raised and managed by private equity firm AfricInvest and venture capital fund Capital Innovation.