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China's consumer price index, a main gauge of inflation, rose 1.7 percent over the previous year, lower than the expectations of a 1.9 percent growth, the data showed.

China's economic growth is shaking off the impact of the COVID-19 pandemic to lead the world, CNBC said at its Q4 Global CFO Council Survey on Wednesday.

China's financial regulators are mulling new rules to regulate the nation's financial holding companies to curb risks originating from their risky and opaque operations.

China's investment in property development grew 10.6 percent year-on-year in the first seven months of 2019 to 7.28 trillion yuan (.04 trillion).

China's foreign exchange reserves rose for the fifth month in a row in June, indicating easing capital flight pressure, according to data from the country's central bank, the People's Bank of China.