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China's ongoing consumption upgrade is presenting opportunities for the bathroom and kitchen products sector, with smart technology taking center stage.

China's electric bicycles have gained in popularity in the global markets in recent years thanks to their good quality and technological edge, and the domestic sector has not received any subsidies from the Chinese government, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is part of the Chinese Academy of Social Sciences.

China's gaming sector has shown strong signs of a robust recovery this year despite tighter regulations, a new report said on Wednesday.

China's financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the country will deepen supply-side structural reform in the financial sector and strengthen the sector's ability to serve the real economy.

China's fiscal spending expanded 15.2 percent year on year to 7.57 trillion yuan during the first four months, the MOF data showed.