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China's consumer prices are unlikely to rise sharply and rising prices will then see a decline for the rest of this year, the country's top economic regulator said on Tuesday.

China's foreign exchange reserves rose for the 12th straight month to reach .16 trillion at the end of January, official data showed Wednesday.

China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, and the non-manufacturing sector continued to expand, nearing a three-year record high, according to the National Bureau of Statistics.

China's fiscal policy remains proactive this year, but is bolder in terms of tax and fee cuts and focuses more on efficiency in the allocation and use of fiscal funds, Liu said in an article posted on the ministry's website Thursday.

China's economy expanded 6.9 percent on H1, with consumption and services, together with new innovation-driven economic sectors, taking larger roles in the economy.