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China's foreign exchange regulator has stressed the goal of generally freeing up in-and outbound cross-border capital flows in the mid-term to long term, and of building a capital management foundation for personal investment in foreign markets, according to a senior official.

China's information and communications technology industry is expected to see improved growth during the second half of this year, thanks to the increased "new infrastructure" construction and 5G adoption, experts said on Thursday.

China's current account surplus was 1.549 percent of GDP in the first quarter of this year, after having fallen to a deficit of 1.095 percent of GDP in the same period last year. This roughly balanced global current account is further evidence that the value of the yuan is at the level that would be determined by markets.

China's navy is assisting the search for a missing US navy sailor in the South China Sea, the Chinese Ministry of National Defense said on Thursday.

China's new yuan loans declined to 900 billion yuan (9.52 billion) in February, down from a historical record of 3.34 trillion yuan in January, the People's Bank of China, the central bank, reported on Wednesday.