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China's capability of navigating through external and domestic headwinds reflects the time-tested wisdom of creating synergy between the socialist system and the market economy.

China's State Council released guidelines in late 2016 to encourage firms, especially State-owned enterprises, to take market-oriented debt-for-equity swaps to enhance their financial health.

China will start the fourth survey of TCM resources this year.

China's banking and insurance regulator said on Friday that it will guide more bank lending and insurance capital into key industries including the manufacturing sector, emerging and strategically important sectors as well as smaller and private businesses to support economic growth next year.

China's GDP registered a 6.9 percent year on year increase in the first quarter thanks to warming trade and robust consumption, which prompted a number of financial institutions, including the International Monetary Fund, to upgrade their forecast.