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China's nominal retail sales grew by 10.1 percent year-on-year in March, beating economists' expectation and underscoring the country's resilient domestic consumption, official data showed on Tuesday.

China's music market will not only become next global music hub but also an internationalized music market with various advantages such as content originalization, ecologicalization and business model innovation, Dworkin said.

China's indigenous technologies and best practices in the past two decades are a "natural fit" for economies participating in the Belt and Road Initiative who aspire to digitize their economy, said Li Bo, assistant director at Fudan University's China Institute.

China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 4.05 percent Friday, unchanged from the previous monthly adjustment, as the country's flexible and prudent monetary policy creates enough leeway for lenders to better support an economy hit by the novel coronavirus disease (COVID-19) outbreak.

China's exports grew by 7.7 percent year-on-year in May, registering a total volume of 1.43 trillion yuan (5 billion), according to the General Administration of Customs. The volume of imports reached 1.16 trillion yuan, down 2.5 percent year-on-year.