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China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.

China's economic development helped its imported wine market to grow.

China's economic growth remains solid and is expected to reach 6.7 percent this year and 6.9 percent in 2018, according to Li Daokui, an economist at Tsinghua University and former member of the People's Bank of China's monetary policy committee.

China's economy has maintained rapid growth over previous decades, but it still does not produce the full range of goods and services that increasingly wealthy domestic consumers demand, according to a report released by the think tank.

China's mobile payment sector has seen rapid development, driven by improved Internet infrastructure, increased use of mobile phones and innovation of financial services.