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China's economy expanded 6.3 percent year-on-year in the first half of this year, meeting the GDP growth target of 6 to 6.5 percent set for 2019, according to the National Bureau of Statistics.

China's exports increased by 15.5 percent to 1.32 trillion yuan in May from a year earlier, and imports rose 22.1 percent year-on-year to 1.03 trillion yuan, according to the General Administration of Customs. It produced a trade balance of 281.6 billion yuan.

China's crude steel output for this year is expected to be 1.050 billion tons, while it will be 1.065 billion tons next year. Crude steel output in the country is set to grow by 5.4 percent this year on an annualized basis and by 1.4 percent in 2021.

China's manufacturing sector in June stayed above the boom-bust mark for the 11th consecutive month, with traditional sectors like oil refining and metal smelting witnessing robust growth, suggesting improved supply-demand structure, according to the National Bureau of Statistics (NBS).

China's national legislature on Saturday dismissed Yang Jing from his state councilor post after he was investigated for severe disciplinary violations.