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China's aviation market is projected to expand, especially overseas. In 2018, 167 new international routes opened in China, including 105 routes in countries and regions involved in the Belt and Road Initiative.

China's benchmark Shanghai Composite Index closed up 0.03 percent at 3,173.15 points on Friday, while the smaller Shenzhen Component Index closed 0.43 percent lower at 10,314.35 points.

China will study a long-term mechanism for the non-renminbi sovereign bond issue, said Shi Yaobin, vice-minister of China's Ministry of Finance, during a Friday media briefing in Hong Kong.

China's CPI is likely to stay at around 2 percent in the second half, while the producer price index will fall due to a high base in the same period last year, a stable oil price and weakening demand, according to Nomura.

China will open its market and expand imports based on its new round of reform and opening-up and the demand of the domestic market and the Chinese people, to ease related issues in economy and trade, the statement said.