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China's ongoing efforts to spur new forms of consumption will help stimulate market players' vitality, boost domestic demand and support economic recovery, said Guo Xin, a marketing professor at the Beijing Technology and Business University.

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.

China's insurance regulator seized control of Anbang in February. It said Anbang had violated regulations, putting into question its ability to pay insurance claims. The move caused concern in the New York real estate sector over whether the hotel's conversion plans made last year would proceed.

China's cloud computing market is still a blue ocean, full of opportunities everywhere, said Alex Yung, corporate vice-president and managing director of Amazon Web Service (AWS) Greater China.

China's first national radio station dedicated to residents of the Guangdong-Hong Kong-Macao Greater Bay Area launched Sunday morning.