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As China continues its supply-side structural reform, consumption has been playing an increasingly important role in the economy, contributing 76.2 percent of GDP growth in 2018.

As China reopened its economy, this year's Labor Day holiday saw returning domestic tourists spend million in Hainan's duty-free shops, far exceeding expectations, according to Charles Chen, president of CDFG.

Apple Inc has slashed the price of some its iPhone models by up to about 800 yuan (8) for its channel partners in China after the United States tech giant lowered its revenue forecast partly due to a weak performance in the country.

Ardern also announced the decision to make masks mandatory on public transport at Alert Level 2 and above, which will take effect from Monday. According to the rule, public transport includes planes, buses, taxis and rideshare services like Uber, but children are not required to wear masks.

Areas of extreme poverty should be given priority when distributing the funds, the ministry said.