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China is unlikely to face major inflationary pressure this year, despite the consumer price index, a primary barometer of inflation, hitting a 15-month high in May, analysts said on Wednesday.

China has the third-largest equity and bond market in the world. Although foreign ownership of Chinese bonds and shares is so far only around 2 percent, analysts expect this to change, following an array of recent policies by the Chinese government that further open China's financial market.

China has required civilian drones weighing more than 250 grams to be registered under real names from June 1. Over 120,000 drones have been registered, according to Ke Yubao, executive secretary of the Aircraft Owners and Pilots Association of China.

China has removed all remaining counties from the country's poverty list, as Guizhou province announced on Monday that its last nine poverty-stricken counties had officially eliminated poverty.

China is by far Austria's greatest trading partner in Asia, said Friedrich Stift, Austria's ambassador to China.