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China's non-financial outbound direct investment grew 1.8 percent year-on-year to 107.86 billion yuan (.5 billion) in the first two months of this year, the Ministry of Commerce announced on Thursday.

China's internet and mobile app publisher, Cheetah Mobile Inc, announced Wednesday it has entered a strategic cooperation agreement with Beijing Bytedance Technology Co Ltd, which owns Jinri Toutiao, a leading news aggregator app, on personalized content and social live streaming.

China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.

China's new economic development pattern of "dual circulation" is an inevitable trend for the country, and also a must for the nation to realize sustainable economic growth, said a top official at Tongfang Co Ltd.

China's expects economy to grow 6.7 percent in the first half of this year, reported Economic Information Daily.