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China's forex market is easily influenced by irrational expectations and spurred by inertia, due to a certain level of "pro-cyclicality," which distorts market demand and supply, and magnifies the risk of exchange rate overcorrection, the CFETS said in a statement.

China's home-sharing market is booming as Chinese consumers have started to pursue high-quality travel and value satisfactory accommodation, which has spurred the explosive growth of home-sharing service providers, experts said.

China's foreign exchange regulator is maintaining a firm stance on freeing cross-border capital investments amid the acceleration of financial opening-up. [Photo/IC]

China's cruise ship sector has been developing rapidly in the past decade and in 2015 it became the world's fourth biggest cruise market. Analysts say international cruise ship giants are working hard to enter the Chinese market.

China's industrial development is expected to rebound in the second quarter but still needs some time to get back on track due to the COVID-19 pandemic, according to the country's top industry regulator on Wednesday.