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China is not expected to face serious consumer inflation pressure in the year's second half, said Lian Ping, chief economist at the Bank of Communications. "Considering the relatively high bases in the second half of last year, the CPI reading could ease in the coming months."

China is arguably making the world's biggest push to reduce the digital divide between rural and urban residents, with mobile carriers and telecom tower builders pouring tons of resources into ensuring that more people can access fast, affordable mobile communication and broadband network services.

China implemented a new railway operating plan on Wednesday that links an additional 58 stations on high-speed lines on the Chinese mainland to Hong Kong, the national railway operator said.

China is not only the largest manufacturing market and industrial market, but also carries out a lot of technological innovation. All these factors offer multinationals strong confidence to enrich their presence in China, said Peter Herweck, executive vice-president of Schneider Electric SA, a French industrial conglomerate.

China is marking the 40th anniversary of the implementation of reform and opening-up policies this year.