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China's major oil and gas giants expect their net profits and net incomes to surge for the first half of this year, benefiting from the revival in crude oil prices, but analysts believe high earnings growth will be hard to maintain in the second half as oil prices are unlikely to rise much above current levels.

China's consumer price index (CPI), a main gauge of inflation, rose 1.4 percent on average in the first half of the year. Excluding volatile food and energy prices, the core CPI increased 2.1 percent year-on-year.

China's fleet size growth is also expected to outpace the global average with almost 20 percent of new aircraft demand coming from airlines based in the country, according to Boeing.

China's foreign exchange reserves stood at .1249 trillion at the end of April, lower than the .1428 trillion registered at the end of March, according to the central bank.

China's leverage levels are stabilizing and gradually falling, said Zhou Xiaochuan, central bank governor, on Friday.