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China's emphasis on new infrastructure will better drive the nation's economic restructuring push, a senior executive from Intel Corp said, as the US chip giant works to maintain production in its local factories despite the COVID 19 pandemic.

China's financial sector has been long dominated by the banking system, or "indirect financing system", compared with relatively weaker equity financing.

China's consumer inflation eased to a 14-month low of 2.4 percent in May due to the resumption of production and transportation of fresh agricultural products, adequate supply of fresh vegetables and the improving pig production.

China's first policy document of the year contains scaled-up measures to ensure that the country can win the battle against poverty across the board and to strengthen weak links in rural areas, officials and experts said.

China's economy grew 6.8 percent in the first quarter, according to NBS data.