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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 economic vitality is growing, said a development report on China's new economic momentum, released for the first time by the NBS at the BRICS meeting.

China's creation of some of the world's best-known tech-world abbreviations like BAT - it is short for Baidu, Alibaba and Tencent - can be pinned to the power of the internet. BAT have overhauled traditional commercial business models by expanding new channels and significantly lowering costs, from marketing and distribution to sales.

China's entertainment industry is in the limelight as the nation boosts the international profile of its programming at a global trade fair for the television and film industry in Cannes, France.

China's innovation and entrepreneurship activities have accelerated since 2015 as the government sees them as drivers for the economy's transition.