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China's exports and imports returned to growth trajectories in January thanks to timely policies promoting steady trade growth and the country's growing demand for industrial materials and commodities, officials and analysts said on Thursday.

China's mobile phone shipments declined by 12.3 percent in 2017, highlighting the mounting pressure on domestic smartphone players, which are looking to intensify their push to go global this year, analysts said on Thursday.

China's non-manufacturing PMI moderated to 53.4 in November, down 0.5 percentage point from October but remaining at solid levels, official data said.

China's further opening-up of its financial sector is viewed positively but there are also some reservations as to how quickly foreign institutions will be able to penetrate the market, said PwC's global banking & capital markets sector leader.

China's financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the country will deepen supply-side structural reform in the financial sector and strengthen the sector's ability to serve the real economy.