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China's internet giants including Alibaba Group Holding Ltd and JD.com Inc have ramped up efforts to deploy offline channels as pure-play e-commerce growth starts to stagnate. Alibaba has completed a series of buyouts including retail chain Intime Retail Group Co, while JD backed Yonghui Superstores and announced plans to open 1 million namesake convenient stores in five years.

China's financial authorities released a notice on the disposal of corporate bond defaults on Friday in an effort to resolve financial risks and step up punishment for debt evasion and other illegal activities in the country's bond market.

China's job market remained generally stable, with the surveyed urban unemployment rate dropping 0.1 percentage points to 5.1 percent last month.

China's foreign trade surged by 7.9 percent year-on-year to 14.12 trillion yuan (.1 trillion) in the first half of the year, despite potential challenges posed by the United States' protectionist trade policies.

China's consumer price index (CPI), the main gauge of inflation, grew 5.2 percent year-on-year in February, according to the NBS.