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China's economy has shown signs of firming, reinforced by an expanding manufacturing sector, rising corporate profits, increased rail freight volume, and higher machinery sales.

China's efforts to streamline and restructure its State-owned enterprises gained further momentum on Wednesday after the State-Owned Assets Supervision and Administration Commission cleared the proposed merger of China Nuclear Engineering and Construction and China National Nuclear Corp.

China's launch of its crude oil futures in 2018 sought to increase influence over commodity pricing and promote the yuan, whose internationalization is a longstanding policy objective.

China's civil aviation authority said airline companies can decide whether to provide passengers in-flight meal services in order to ensure flight safety, Chinanews.com reported.

China's current account surplus is less than 1.5 percent of the GDP, and the trade surplus of goods accounts for only about 3 percent of the GDP. The contribution of consumption has risen to 58.8 percent, and the proportion of added value of the service industry has risen to 51.6 percent, indicating that the Chinese economy has relied more on domestic demand, according to Lou.