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China's trade and investment relations with countries in South America remain solid and are expected to continue to expand, despite the downward growth pressure and other challenges facing the Chinese economy.

China's service sector continued to expand in May, with the index of services production maintaining rapid growth of 8.1 percent year on year, while business activities expanded faster than April to reach 53.5 percent.

China's stable economic development — its GDP growth in 2017 was around 6.9 percent — was the fundamental backup for the higher growth rate of tax revenue, which rebounded after a three-year slowdown, and it is "better than expected", said Shi Zhengwen, director of the Center for Research in Fiscal and Tax Law at China University of Political Science and Law.

China's rail transit system has developed rapidly in recent years, with 35 cities having built subways as of the end of 2018. The combined length of subway lines reached 5,295 kilometers last year, with the number of subway trips standing at about 21.3 billion in 2018, the ministry said.

China's stock markets dipped on Monday, with combined turnover hitting 206.78 billion yuan (.1 billion), a new low since two and a half years ago.