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China's economy will remain running within a reasonable range as the country's industrial restructuring and upgrade as well as opening-up continued apace. [Photo/VCG]

China's four largest banks - Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd - were nation's most profitable listed companies in 2017, according to a report released by Warton Economic Institute (WEI) on Thursday.

China's electricity consumption, an important indicator of economic activity, also rose significantly during the first half of this year, rising 9.4 percent to some 3.23 trillion kilowatt-hours in the first six months, a half-year record high during the past six years, said the administration.

China's leadership has announced a series of measures to expand opening-up and has moved ahead to lower the import tariffs on vehicles and auto parts, anti-cancer drugs, and daily consumption goods, and to eliminate specific measures such as restrictions on the proportion of foreign ownership of banks and financial asset management companies. The country's initiatives in opening up the market have greatly reduced or even eliminated the doubts of the international community regarding the prospects of economic globalization, and have also injected new dynamism into the recovery of the world economy.

China's consumer price index stood at 2.7 percent for June, unchanged from May, and was 2.2 percent for the first half of this year, the National Bureau of Statistics said on Wednesday.