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China's manufacturing sector contracted slightly in June according to the latest purchasing managers indexes, but factory activity may pick up later given the indexes' structural improvements and potential policies to boost consumption, analysts said on Monday.

China's foreign exchange reserves, affected by the US interest rate hike in December 2015, fell by 3.8 billion in the fourth quarter of 2015. But the US interest rate hike in March had little effect on China's foreign exchange reserves, which dropped by only .4 billion in the first quarter.

China's growing clean power demand has boosted the rapid development of nuclear power in the country, making it among the few in the world to have independently developed third-generation nuclear power technology, with a complete industry chain, industry experts said.

China's economy witnessed a strong rebound in the second quarter by growing 3.2 percent year-on-year as business resumption gathered pace. Yet market demand, the ultimate driver of production and economic growth, has lagged as the COVID-19 epidemic restricted offline consumption and impaired people's earnings prospects, they said.

China's economy, the second-largest in the world, is still growing and bolstering the world economy. China is contributing more to global growth than any other country, said Jing Ulrich, vice-chairman of global banking and Asia-Pacific at JPMorgan Chase & Co.