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China's industrial output expanded by 4.8 percent on a yearly basis in July as the economy continues to recover from the shocks generated by the COVID-19 pandemic, data from the National Bureau of Statistics showed on Friday.

China's consumer and factory inflation in June show little indication that inflation will become a destabilizing factor in the economy despite some level of pressure from trade conflicts with the United States, according to analysts.

China's foreign trade increased at its fastest pace since the second half of 2011, with exports in yuan-denominated terms up 15 percent year on year in the first half of this year.

China's general aviation industry is expected to continue to develop rapidly. By the end of 2015, more than 300 general airports were in operation serving 1,874 aircraft, aviation officials said. They estimate that the number of aircraft will surpass 5,000 and the market size will hit 1 trillion yuan (4 billion) by 2020.

China's financial regulators are building a nationwide credit information monitoring system, based on assessing the debt payment ability of businesses and individuals, and overseas credit information service companies will be allowed to participate in it, said a senior official with the central bank.