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China's financial sector is generally stable at the moment, after some risky activities have been reined in, including cases of rapid, less-regulated business expansion and illegal fundraising. The macro leverage level has been stabilized with a change of market expectations and improvement of financial institutions' compliance, the statement said.

China's cultural industry has seen robust growth in recent years. Last year, total revenue in the culture sector and related businesses hit 8.93 trillion yuan (.31 trillion), increasing 8.2 percent year-on-year, according to a survey by the National Bureau of Statistics of more than 60,000 enterprises across the country.

China's monetary policy is on the way to being further tightened, aiming to curb the soaring debt growth especially in State-owned enterprises and local governments, a former central bank policy advisor said.

China's commercial banks had net sales of .9 billion in foreign exchange in the first quarter, down from 4.8 billion in net sales in the first quarter of 2016, Wang said.

China's e-commerce giant JD.com has launched robot deliveries in Beijing's Haidian district, reports zjol.com.cn.