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As more head out, more are coming home. A record 666,000 overseas students are forecast this year to return home, where they will need to compete with 7.95 million fresh graduates from Chinese universities, according to recruiter Lockin China.

As of last month, yuan-denominated new loans rose by 13.1 percent from a year earlier, down by 0.1 percentage points in August, the PBOC said. New loans have increased by 11.16 trillion yuan in the first three quarters, up by 998 billion yuan from a year earlier. Nearly half the amount was borrowed by households.

As per the party charter, a candidate wins the election with more than half the votes; otherwise, the top two candidates contest in a second round.

As of December 2018, more than 400,000 people have applied to buy a new energy vehicle. With the quota available this year, some applicants need to wait eight years to get plates.

As one of the most important markets for Mercer, China has outpaced other markets in growth. Portalatin said he is confident of Mercer's development because the company has laid a solid foundation for accelerated growth. "We see the China market continue to evolve, continue to grow, continue to give us opportunity for the future," he added.