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China's financial regulator said the country will keep crossborder capital fluctuations under control, during the process of opening the financial sector further, to limit risk of exposure to speculative money from outside.

China's industrial development is expected to rebound in the second quarter but still needs some time to get back on track due to the COVID-19 pandemic, according to the country's top industry regulator on Wednesday.

China's express delivery services grew rapidly in 2018, accounting for more than 50 percent of the world's total delivery volume, the State Post Bureau said on Wednesday.

China's economic growth beat market expectations in the first two months, an indication that the world's second-largest economy is expanding steadily and can achieve its preset growth target of about 6.5 percent, analysts said.

China's leading new energy carmaker BYD Co said cutting subsidies is a necessary step before China's policy that carmakers produce a certain number of new energy cars takes effect starting from 2019.