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When meeting with Abbas Hussain, president of Europe, Emerging Markets and Asia Pacific of the GSK, the unidentified official from the MPS said some senior executives of GSK China colluded with affiliated companies to offer large bribes to push up drug prices, expand sales and seek illegal profits, according to a statement from the MPS on Sunday.

He called on the two sides to carry out cooperative projects, strengthen people-to-people exchanges and lift bilateral ties to a new level.

On Saturday, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) and the European Commission reached a price undertaking deal, which may bring the 11.8-percent punitive duty to an end, relieving both Chinese and the EU's manufacturers in the solar industry.

Noting that Mandela was a great anti-apartheid leader, the founder of a new South Africa and a world-renowned statesman, Hua said the international community is paying close attention to Mandela's recurring lung infection as well as the South African people's concern about his illness.

The data pointed to a recovery in corporate financing demand, analysts said. As a leading economic indicator, the rebound in social financing sends a signal that China's economic recovery is on solid footing, they said.