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China's benchmark Shanghai Composite Index edged down to 3,091.66 points on Monday from 3,135.92 points on January 3, the first trading day of this year. Chinese companies have also faced higher costs when issuing corporate bonds in recent months.

China's 5G commercialization has entered a countdown stage, with certification to be issued by the end of this year at the earliest and major areas in main cities covered with 5G technology by 2020, Securities Daily reported on Tuesday.

China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.

China's Belt and Road Initiative is a "game changer" and "has increased the efficiency of global trade", according to a senior South African diplomat in an exclusive interview with China Daily.

China's central bank injected 525.8 billion yuan (.4 billion) into the market in May via various monetary policy tools to maintain market liquidity.