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China's economy is growing at a trend rate of 5.5 percent, primarily due to the post-pandemic reopening rather than fiscal thrust or accelerated credit creation, Mehran Nakhjavani, emerging markets strategist and partner at research firm MRB Partners, said in a report.

China's housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.

China's economy has experienced a "stunningly long period of stability" by international standards, the New York Times reported, as the economy has grown between 6.7 percent and 7.2 percent for the past 11 quarters.

China's consumer inflation eased to a 14-month low of 2.4 percent in May due to the resumption of production and transportation of fresh agricultural products, adequate supply of fresh vegetables and the improving pig production.

China's inbound tourism has revived since 2015 after experiencing a downturn in recent years, but its potential has yet to be fully realized due to a stringent visa policy, imperfect tourism facilities and a homogenization of tour packages being offered, according to a report released by the World Tourism Alliance and China Tourism Academy.