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The Chinese central bank announced on June 24 that it will cut the rate of reserves to be kept by commercial banks with it by 50 basis points starting July 5. The measure will facilitate targeted lending to small and micro enterprises.

The Caixin/Markit services PMI, released on Wednesday, rose to 54.4, the highest since January 2018. It was 51.1 in February, the lowest in four months. A reading above 50 indicates expansion while below it indicates contraction.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 2.63 percent to close at 2,868.88 points Monday.

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The Chinese government and military have strictly followed United Nations resolutions on sanctions against the Democratic People's Republic of Korea, a Defense Ministry spokesman said on Thursday.

The China Manned Space Agency and European Space Agency signed an agreement in May 2015 to boost collaboration in manned space.

The Chinese comedy Lost in Russia was switched to an unprecedented online premier when it forged a deal with Chinese internet media company Bytedance. Han believes this will have a more far-reaching impact on the traditional way movies are distributed.

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The Chinese economy is likely to achieve higher than 7 percent growth next year, supported by a likely rebound in private investment that has remained sluggish for months, according to Li Daokui, economist and director of the Center for China in the World Economy at Tsinghua University.

The Chinese economy, unlike any other economies in the world, is diversified, epitomized by the top-tier cities encountering some challenges, while second- and third-tier cities gain growth momentum, said Wang Hua, managing partner of Sinovation Ventures.

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The Chinese government reached an agreement with New Zealand in March on importing frozen meat. The shipment was the first imported by an inland port.

The ChiNext startup index tumbled as much as 5.11 percent to a two-and-a-half-year low.