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China's economy maintained steady growth and a positive outlook this year, with many bright spots emerging, including markedly improved corporate profits, said Bai Chongen, a Tsinghua University professor and member of the central bank monetary policy committee, at a forum.

China's foreign trade prospects are set to remain upbeat during the upcoming six months, after expanding at the fastest pace since the second half of 2011.

China's economic fundamentals are better than in 2015 and 2016, and the yuan has got rid of unilateral fluctuations. [Photo/VCG]

China's major oil and gas giants expect their net profits and net incomes to surge for the first half of this year, benefiting from the revival in crude oil prices, but analysts believe high earnings growth will be hard to maintain in the second half as oil prices are unlikely to rise much above current levels.

China's major programs – such as Made in China 2025, the Internet Plus and Smart City plans – were all related to digital transformation, he said.