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Chinese Ambassador Xiong Bo pointed out that it is China's important measure to implement a new round of high-level opening-up, which reflects China's insistence on opening-up and its determined position of firmly supporting economic globalization, the multilateral trading system, and free trade.

China's producer price index (PPI), which measures the cost of goods at the factory gate, rose 4.1 percent year-on-year in May, the NBS said.

China's top securities regulator has become stricter on the quality of queuing applicants along with a bid to normalize IPO proceeds to better serve the real economy, said Pan Xiangdong, chief economist with New Times Securities told the newspaper

China's shadow banking sector is expected to become healthier in 2021 amid improving regulatory efforts to de-risk the sector, after assets of the most risky shadow banking activities contracted by nearly a quarter from an all-time peak, experts said on Monday.

China's sharing economy has been rising rapidly recently, with bike-sharing companies such as ofo and Mobike attracting overseas investments.