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China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, reinforcing the message conveyed by increased industrial business profits, and shedding light on economic restructuring progress.

China's economic reforms enabled growth that has benefited many other countries, including Australia, and it contributes to Australian economy's 27th year of continuous growth.

China's official Purchasing Managers' Index for the manufacturing sector came in at 50.9 in June, up from 50.6 in May, with the non-manufacturing PMI rising to 54.4 from 53.6 in May, showing better-than-expected indicators compared to high-frequency data.

China's insurance regulator said that Anbang would be overseen for a year by a group that included China's central bank, its securities and banking regulators, the country's foreign exchange regulator and other government agencies.

China's imports from Singapore rose 31.6 percent in 2017.