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China's economy beat market expectations to grow by 6.4 percent on a yearly basis in the first quarter, virtually unchanged from the GDP expansion in the previous quarter.

China's meteorological authority issued a blue alert for heavy snowstorms in the northern region Sunday.

China's internet copyright industry developed in diverse fields in 2017, such as short videos and livestreaming, but the major contributions are still from online news portals and online games, which accounted for 73 percent of the total value.

China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.

China's decision to lower tariffs on a broad range of imported goods, including frozen pork and high-tech products, will satisfy domestic consumption and reduce production costs next year, experts said.