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China's manufacturing sector showed a further marginal improvement in operating conditions last month, driven by accelerated output, although weaker demand in international markets stagnated exports, according to an unofficial leading economic indicator released on Wednesday.

China's economy continued to fare well in April, bolstered by deepening supply-side structural reform that is fueling innovation and the new economy, the National Bureau of Statistics said on Monday.

China's newly revised Budget Law clearly stipulates that local government debt should be publicly issued through a national quota-based mechanism, and various local financing platforms backed by the local authority should not issue local government debt.

China's economy will likely grow at 1.2 percent this year and rebound strongly to 9.2 percent in 2021, the International Monetary Fund predicted Tuesday, as it said the COVID-19 would precipitate global growth into the deepest recession since 1930s but a recovery of 5.8 percent is expected if the pandemic fades.

China's industrial production expanded at a faster pace, with the value-added industrial output rising 6.8 percent year on year in the first three months, up from 6.3 percent for January and February, and 6 percent for 2016.