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China's new comprehensive reform plan to build Shenzhen into a pilot demonstration area of socialism with Chinese characteristics by 2025 is expected to inject new dynamics of institutional innovation into the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and specify the direction of development, an expert said.

China's indigenous technologies and best practices in the past two decades are a "natural fit" for economies participating in the Belt and Road Initiative who aspire to digitize their economy, said Li Bo, assistant director at Fudan University's China Institute.

China's overall leverage rose to 250.3 percent last year, up by only 2.7 percentage points from a year ago, according to a new report released by the PBOC Friday. The slowdown came after expansion of supply-side structural reform, a firmer economy and the effective implementation of a prudent, neutral monetary policy, the central bank said.

China's crude imports from Oman grew by 1.03 percent in November month-on-month. [Photo/VCG]

China's consumer and factory-gate inflation picked up in March as government efforts to stabilize economic growth have begun to boost domestic demand, analysts said.