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China's economy expanded by 6.9 percent in the first quarter, well above the annual growth target of around 6.5 percent. However, moderation in growth is also expected in the following quarters.

China's national legislature on Saturday dismissed Yang Jing from his state councilor post after he was investigated for severe disciplinary violations.

China's outbound investment in economies participating in the Belt and Road Initiative climbed to some billion between 2014 and 2017, providing more than 200,000 jobs for local people, according to a former top government official.

China's economy is projected to recover further during the third quarter and clock a higher GDP growth rate on the back of the prudent, flexible monetary policy and targeted measures to sustain the recovery, central bank officials said on Wednesday.

China's monetary authorities lowered interest rates of major lending facilities, given a projection of moderate consumer inflation in coming quarters, in support of credit to smaller businesses hit by the novel coronavirus pandemic.