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China's central bank announced a plan to reform the LPR mechanism in August 2019, to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.

China will play a major role in promoting the development of air pollution control technologies worldwide, said Xie Hongxing, director of the Bluetech Clean Air Alliance.

China's booming online catering market was also boosted the popularity of mobile payment. Around 60 percent of Chinese paid for food via smartphones, according to the CCA.

China would like to work with Sao Tome and Principe to carry out what had been agreed at the 2018 Beijing Summit of the Forum on China-Africa Cooperation, and promote the development of their comprehensive cooperative partnership, the premier said.

China will seek a balance between stable growth and risk prevention in the second half of the year, a senior official said on Thursday, indicating that the country is willing to tolerate slower growth to push reforms and curb systemic financial risks.