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China's economy shows a "broadening recovery" as gauges of the manufacturing and nonmanufacturing activity climbed to their highest levels in three and eight years respectively, the Wall Street Journal reported.

China's e-sports and gaming market is experiencing an explosive growth. The number of gamers in China will exceed 768 million and the market is projected to generate billion of revenue by 202, said market consultancy Niko Partners.

China's imported goods market saw rapid development after COVID-19 subsided mid-year, opening up new opportunities for retail digitization, according to a report released by consultancy Deloitte China, and Tmall Global, Alibaba's cross-border e-commerce arm.

China's integrated circuit design and software enterprises will benefit from a new tax-free incentive policy, according to a statement by the Ministry of Finance and State Taxation Administration on Wednesday.

China's foreign exchange reserves expanded to .101 trillion at the end of May, marking the highest level in nine months, according to the State Administration of Foreign Exchange.