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China's foreign exchange reserves rose to .1428 trillion at the end of March, according to data from the People's Bank of China.

China's leading mobile payment supplier, Wechat Pay, has teamed with Paris-based department Le BHV Marais, to help European businesses connect with growing Chinese tourists.

China's consumer confidence, an indicator of economic booms and busts, bounced back to its record high in the past 12 months as the economy stabilized, according to an index published by global measurement firm Nielsen last week.

China's internet and technology sector will continue to be a hot draw among private equity investors, though the value and number of deals may slide in 2017 due to high valuations in the past, according to global consultancy Bain & Company.

China's first medium-low-speed maglev rail line started commercial operation in Changsha in May 2016. The new model is expected to lay the foundation for the introduction of medium-speed maglev train systems, Tong said.