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China's consumer price index (CPI), the main gauge of inflation, grew 5.2 percent year-on-year in February, according to the NBS.

China's financial institutions accelerated lending to support economic growth in November, which boosted bank loans beyond the expected level, according to data reported by the central bank on Tuesday.

China's non-manufacturing PMI moderated to 53.4 in November, down 0.5 percentage point from October but remaining at solid levels, official data said.

China's exports to the country stood at 84.9 billion yuan, up 22.1 percent from the previous year, while imports surged 42.8 percent to 44.01 billion yuan, said Huang Guohua, an official with the General Administration of Customs, at a press briefing.

China's development provides an enormous opportunity for Europe. Bilateral trade managed to reach a new high in 2016, overcoming global downturn. Trade value reached 3.6 trillion yuan (5 billion) in 2016, an increase of 3 percent.