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China's consumer inflation eased for a second straight month, dragged down by lower food prices. Analysts said consumer inflation would continue to be stable this year despite the recent spike in international oil prices.

China's ongoing efforts to tackle the novel coronavirus outbreak in the country have started yielding tangible results with most of the steps focusing on ensuring economic stability and sustaining employment, the nation's top economic regulator said on Monday.

China's export growth rebounded to 44.5 percent year-on-year in February, the fastest pace in three years. Import growth fell to 6.3 percent year-on-year, resulting in a trade surplus of .74 billion against market expectations of a deficit.

China's economy, the second-largest in the world, is still growing and bolstering the world economy. China is contributing more to global growth than any other country, said Jing Ulrich, vice-chairman of global banking and Asia-Pacific at JPMorgan Chase & Co.

China's first officially authorized data asset assessment center was launched in Inner Mongolia autonomous region on Saturday as local government beefs up efforts in developing its big data industries.