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China's factory and service sector activities expanded in June as the economy continued to recover from the shocks generated by the COVID-19 pandemic, data from the National Bureau of Statistics showed on Tuesday, the last day of the first half of the year.

China's investment in 5G technology is expected to exceed one trillion yuan (5 billion) in the next five years, driving the total economic output to more than 10 trillion yuan, People's Daily reported on Wednesday.

China's determination to spur consumption comes amid slowing economic growth and rising downward pressure.

China's fast-moving consumer goods (FMCG) consumption remains robust against downward economic pressure, while transformation in retail models is picking up pace, according to the latest China Shopper Report from global management consulting firm Bain & Company and shopper behavior observer Kantar Worldpanel.

China's fiscal revenue rose slower in August amid tax cut measures and weaker economic dynamics, official data showed. Experts expected fiscal revenue to rebound this year after stimulus policies take effect.