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China's economy is expected to come out of a valley by the middle of this year due to an expected rise in leading economic indicators, Evergrande Group Chief Economist Ren Zeping said during a recent forum.

China's economy is projected to recover further during the third quarter and clock a higher GDP growth rate on the back of the prudent, flexible monetary policy and targeted measures to sustain the recovery, central bank officials said on Wednesday.

China's decision to lower the rates of social security contributions paid by employers, part of a broader effort to reduce corporate burden, has been lauded by entrepreneurs and experts for shoring up growth and employment.

China's foreign trade volume totaled 9.07 trillion yuan (.28 trillion) in the first four months of this year, declining 4.9 percent year-on-year, data released by the General Administration of Customs showed on Thursday.

China's consumer price index, a main gauge of inflation, rose 3.3 percent year-on-year last month, down from 4.3 percent for the previous month, the National Bureau of Statistics said on Tuesday.