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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.

China's efforts to make its capital market more supportive for technological innovation made landmark progress on Monday as reforms on Shenzhen's startup board ChiNext were put to the test amid steady market performance, officials and experts said.

China's oil giants have stepped up efforts to ensure fuel supplies along the roads and insurance companies have initiated emergency response procedures for settlement of claims.

China's economy has staged a fast recovery from the COVID-19 impact, with the year-on-year GDP growth likely to turn positive at above 2 percent in the second quarter of the year, economists said on Monday.

China's fight against IPR violations has made progress over the past year, with achievements including amendments to related laws and regulations and their implementation, and carrying out a number of special campaigns targeting violations such as the production and sale of counterfeit face masks.