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China's three major telecom operators earned 59.9 billion yuan in value-added services including internet data center, big data, cloud computing and artificial intelligence, up 29 percent year-on-year. Value-added services worked as main contributors to the growth of the sector, according to the ministry.

China's photovoltaic industry achieved record results in 2017, and experts urge companies to pay more attention to quality enhancement to maintain long-term growth.

China's policy makers emphasized the hardline stance on financial risk control at a tone-setting meeting last month. The regulation on online lending and other tech-enabled finance is expected to be a significant part of the new approach.

China's producer price index (PPI), which measures costs of goods at the factory gate, rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics (NBS).

China's trade with the European Union, the ASEAN countries, and Japan increased 17.6 percent, 7.8 percent and 6.5 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 770.8 billion yuan, up 11.5 percent year-on-year.