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Concerns over credit risks of the country's small banks rattled the interbank market after the takeover of the Inner Mongolia-based Baoshang Bank by regulators last month.

Committee member Dong Zhongyuan also stressed the necessity to put in place similar rules to prevent abuse of power in local governments.

Confidence of the surveyed manufacturers－around 500 private and State-owned manufacturers－brightened in May as the domestic economic order gradually normalized while some overseas economies started to partially resume work. The sub-gauge for future output expectations rebounded markedly to the same level as before the coronavirus outbreak, according to the report.

Cong Peiwu, China's ambassador to Canada, stressed that Meng's case is a serious political incident concocted by the US to suppress Huawei and other Chinese high-tech companies.

Compared with Asian countries, European countries didn't have competitive strength in mobile payment coverage. However, to attract more Chinese tourists, they increased the number of airports that support Alipay tax refunds to 80, a new high.