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China's major stock indices closed lower Monday, with the benchmark Shanghai Composite Index down 2.58 percent at 2,933.36 points.

China's gross domestic product shrank 6.8 percent year-on-year in the first quarter. Although GDP achieved a 3.2 percent growth in the second quarter, it may still be difficult for full-year growth to be higher than 3 percent. Currently, insufficient aggregate demand is the principal challenge facing the Chinese economy.

China's disaster relief authorities have launched a level IV emergency response for the severe floods in those two provinces, sending multiple workgroups and allocating disaster relief materials including 3,000 tents, 5,000 fold-away beds and 80,000 garments and quilts.

China's economy is gradually returning back to normal, as major industrial companies outside of Hubei province have resumed work at a rate of more than 90 percent, China's top economic regulator said on Tuesday.

China's loan commitment to the Belt and Road countries will be fulfilled in the next 3 years or so, Hu predicted. CDB will adhere to the market-oriented operating principle of the fund, offering key support to infrastructure construction, production capacity and financial cooperation, he added.