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China's electric vehicle startup Nio submitted supplementary files with the US Securities and Exchange Commission on Tuesday to lower its initial public offering target to .51 billion.

China's investment in fixed assets rose 8.9 percent year on year in the first four months of 2017, easing pace from 9.2 percent in the first quarter but reflecting the ongoing restructuring of the economy, as investment growth rate in the service sector far exceeded the industrial sector.

China's coal and power industries are expected to see more mergers in the second half of the year, due to State-owned enterprise reform policies, industry insiders believe.

China's gross domestic product (GDP) rose from 54 trillion yuan to 82.7 trillion yuan; more than 68 million people were lifted out of poverty; 66 million new urban jobs were added.

China's overall employment conditions are stable, but still face structural challenges due to the transformation and upgrading of industries as well as domestic and international uncertainties, according to a guideline released by the National Development and Reform Commission and 16 other government agencies.