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China's most-wanted graft fugitive, Yang Xiuzhu, who had been on the run for 13 years, stood trial on Friday at a court in Zhejiang province.

China's local governments raised 4.4 trillion yuan through debt issues in 2017, with general bonds and special bonds reaching 2.36 trillion yuan and 2 trillion yuan respectively, according to the Ministry of Finance (MOF) showed.

China's consumer inflation and factory-gate prices rose at a weaker-than-expected rate in December, data released on Thursday showed.

China's consumer finance market is projected to grow to .6 trillion by the end of 2020, which is equivalent to the GDP of Mexico, representing a compound annual growth rate of 18 percent, according to market research company Oliver Wyman.

China's natural gas consumption will increase this year on the back of continued policy backing from Beijing, as part of a broader clean-energy drive to replace coal with natural gas and other efforts to reduce chronic air pollution.