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China's advanced internet, telecommunication and transportation infrastructure are creating a new generation of travelers, and their demand is driving new trends that should be utilized by the global travel industry, US travel media outlet Skift reported.

China will remove quotas on the dollar-denominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling, RQFII, according to the provisions issued by the People's Bank of China and the State Administration of Foreign Exchanges, which will take effect on June 6.

China will give carmakers and the market a larger say in developing the new energy vehicle sector as part of its efforts to improve the sector's long-term competitive edge.

China's central bank kept interest rates steady instead of following US monetary tightening moves on Thursday, shifting greater focus onto maintaining domestic economic stability and facing downside risk.

China's Hushen 300 index futures closed lower on Monday, with the contract for November 2017 down 0.68 percent to finish at 3,981.6 points. The December 2017 contract lost 0.69 percent to close at 3,976.6 points. The March 2018 contract was down 0.63 percent to finish at 3,980 points. The June 2018 contract went down 0.66 percent to finish at 3,975 points.