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China's digital revolution has played an indispensable role in the country's campaign to eradicate extreme poverty, said Han Lei, editor-in-chief of China Daily website, singling out its impact in helping close educational and medical gaps, as well as elevating the rural economy and public morale.

China's economy grew by 3.2 percent year-on-year in the second quarter of the year, versus a 6.8 percent contraction in the first quarter, driven by a number of improving economic indicators, the National Bureau of Statistics said on Thursday.

China's non-financial SOEs have a high rate of leverage. Data from the Chinese Academy of Social Sciences showed that the leverage ratios of financial institutions and non-financial institutions were 21 percent and 156 percent respectively as the end of 2015, the Economic Information Daily reported.

China's efforts, focusing on supporting the corporate sector and consumption, will help achieve economic growth in excess of 6 percent this year, despite headwinds from a sluggish and uncertain external environment, a top economist said on Friday.

China's favorable policies in accelerating drug access and encouraging innovation over the past few years have promoted the research and development of new medicines, helping build a healthy drug ecology in the country, a senior executive of Gilead Sciences Inc said.