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China's broad money supply maintained a low growth rate of 8.3 percent in April, along with flat new yuan loan expansion even as policymakers continued financial deleveraging, according to data from the People's Bank of China, the central bank, on Friday.

China's banking and insurance sectors will forgo part of their profits this year to stabilize the real economy by lowering lending rates, comprehensive financing costs and insurance premiums for companies, and they will offer some free consulting services to small businesses, said Xiao Yuanqi, chief risk officer of China's top banking and insurance regulator.

China will strengthen intellectual property rights protections, as they are the centerpiece of the system for improving property rights protections and the biggest boost to enhancing competitiveness of the Chinese economy, President Xi Jinping said on Tuesday.

China will intensify innovation-driven development and entrepreneurship, Premier Li Keqiang said on Friday.

China's automotive market is likely to remain the primary source of growth for the global industry in the foreseeable future, with self-driving cars gaining more market share, research indicates.