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China's decision to merge banking and insurance regulators underscores policymakers' intention to address a financial regulatory vacuum and enhance supervision through a more unified approach, financial experts said on Wednesday.

China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.2 trillion yuan (.6 trillion), according to the National Bureau of Statistics (NBS).

China's contribution to global growth averaged about 30 percent annually from 2013 to 2016, larger than that of the United States, the eurozone and Japan combined, Ning added.

China's first nationwide vocational skills competition has underscored the country's determination to nurture more skilled workers for the next phase of high-quality development.

China's major economic indicators put up a mixed performance in October, with industrial output and investment growth picking up while retail sales growth slowed, according to the National Bureau of Statistics on Wednesday.