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China will continue its commitment to supporting the Red Cross humanitarian cause and encourage the Red Cross Society of China to strengthen exchanges with the International Committee of the Red Cross under the framework of Belt and Road Initiative, Vice-President Wang Qishan said.

China should pay more attention to maintaining a balance between cutting leverage levels and stabilizing economic growth in the second half of this year after it achieved faster-than-expected GDP growth of 6.9 percent in the first half, said a former central bank adviser.

China recorded a .3 billion surplus in its capital and financial account in the first quarter, indicating eased capital outflows pressure, the nation's top currency regulator said on Thursday.

China on Friday released a revised guideline for commercial banks on the issuance of preferred shares to replenish Tier 1 capital, banks' core capital that includes equity capital and disclosed reserves.

China is working toward removing almost all manned expressway tollbooths on provincial borders by the end of the year, Ministry of Transport officials said Friday.