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China's June consumer price index rose by 1.5 percent year-on-year, in line with market expectations, the National Statistics Bureau said on Monday. The producer price index, which gauges factory-gate prices, rose by 5.5 percent in June from a year earlier.

China's Foreign Ministry has already urged Sweden to reverse its 5G decision on Chinese companies, to prevent the move from having a negative impact on bilateral trade cooperation and the operations of Swedish companies in China.

China will name the baby panda, who survived after the 9-year old Huan Huan gave birth to twin babies on Friday night.

China's banking and insurance regulator in Zhejiang province want to expand the reach of microfinance to smaller companies that have never received bank loans before by promoting government's sharing of data on small businesses with banks and insurers.

China's central bank is still in the process of developing its own digital currency, and competition among government-backed digitalized currencies can be expected in the "digital era", said a central bank official on Tuesday.