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China's once-sizzling property market has shown signs of cooling as prices have faltered in major cities amid tough government curbs. Central authorities have reiterated on many occasions that "housing is for living in, not speculation."

China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.

China's combined trade with those countries reached .44 trillion, up 13.4 percent year-on-year, 5.9 percentage points faster than China's overall trade growth.

China's insurance regulator barred Yao Zhenhua, chairman of Foresea Life Insurance, from the insurance industry for 10 years due to irregular market operations.

China's financial institutions held State-owned assets totaling 241 trillion yuan by 2017, accounting for around 80 percent of the nation's total financial assets. They also had a total debt of 217.3 trillion yuan, according to the report from the ministry.