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China's continuing reform and opening-up will revitalize the A-share market and improve liquidity in it this year, insiders said.

China's efforts to transform its economy into an innovation-driven economy is like a wake-up call for people in western countries who still believe that China is "doing cheap products", Kurvinen added.

China's industrial output grew 7 percent last month, quickening from the 6-percent rise in March and easily beating market expectations of around 6.4 percent, according to data from the National Bureau of Statistics (NBS).

China's first national-level anti-pandemic industry group was officially unveiled in Beijing on Friday, as part of the country's ongoing efforts to prevent and control the COVID-19 outbreak.

China's market regulator said on Friday that online discounter Pinduoduo should strengthen platform management and regulate business activities of third-party vendors to maintain fair competition.