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China's largest coal mining company and a major power generator said on Monday their merger was completed, creating the world's largest utility provider by capacity as the country continues to reform its colossal State sector.

China's employment was also sound with unemployment rate dropping in April, another indication of steady economic growth, Liu said. The surveyed unemployment rate in urban areas was 4.9 percent in April, 0.2 percentage point lower than that of the previous month, according to the NBS.

China's financial institutions accelerated lending to support economic growth in November, which boosted bank loans beyond the expected level, according to data reported by the central bank on Tuesday.

China's enhanced endeavor in opening-up is mutually beneficial for the world, said Zhang Yansheng, a senior researcher at the China Center for International Economic Exchanges.

China's continuing reform and opening-up will revitalize the A-share market and improve liquidity in it this year, insiders said.