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China's consumer inflation eased to a 14-month low of 2.4 percent in May due to the resumption of production and transportation of fresh agricultural products, adequate supply of fresh vegetables and the improving pig production.

China's economy expanded 6.9 percent in 2017, picking up for the first time in seven years and well above the government annual target of around 6.5 percent.

China's improving economic fundamentals are behind balanced cross-border capital flows and contribute to stability. "People in China and abroad have had more confidence in the country's long-term economic and social development following the successful 19th National Congress of the Communist Party of China," the statement said. It will help maintain the stability of the foreign exchange reserves, the statement said.

China's graft buster released an update on Wednesday on the possible whereabouts of the country's 50 most wanted corruption fugitives in other countries and regions and called for public participation in repatriating economic criminals.

China's national football team may be absent from this summer's World Cup, but Chinese fans may still have the chance to cheer on a few of their favorite soccer stars - so long as they hail from Spain, that is.