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China's gross domestic product (GDP) expanded 4.9 percent year-on-year in Q3, faster than the 3.2-percent growth seen in Q2, showed official data earlier this week.

China's efforts to reduce pollution are expected to boost demand for Vale's high-quality iron ore, while the Brazilian miner will continuously diversify its business, said Fabio Schvartsman, Vale's chief executive officer.

China's e-commerce behemoth Alibaba Group Holding Ltd and global coffee giant Starbucks announced on Thursday a deep, strategic new retail partnership to transform the country's coffee industry.

China's enactment of the foreign investment law is expected to further facilitate high-quality investment while protecting the legitimate rights and interests of foreign investors, Wang Chen, vice-chairman of the Standing Committee of the National People's Congress, said on Friday.

China's growth beat analysts' expectations in the first quarter, expanding 6.9 percent year-on-year, official data showed. Details of economic activities in March also pointed to the broad-based strength of the economy across various sectors.