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China's crude steel output is estimated to exceed 1 billion metric tons this year. That will mark an increase of 3-5 percent year-on-year. But, the industry profitability this year is likely to stay flat and may increase modestly next year, according to the China Iron and Steel Association.

China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment.

China's largest shipping group is beefing up its operations to compete against global rivals as it pursues business opportunities thrown up by the Belt and Road Initiative.

China's family planning policy is expected to be further relaxed over the next five years and beyond, with extensive social and economic support provided to counter increasingly prominent problems such as a shrinking workforce and an aging population, experts said.

China's major industrial companies gained 658.29 billion yuan ( billion) of profits in June, up by 20 percent year-on-year, compared with 21.1 percent growth in May, data from the National Bureau of Statistics showed on Friday.