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Profits at China's major industrial companies declined at a slower pace in March amid a steady recovery in industrial production, the National Bureau of Statistics said on Thursday.

China's top economic regulator announced on Wednesday it will take steps to encourage consumption and boost momentum, including stabilizing strong spending on cars, in a bid to consolidate the recovery trend this year.

China has mapped out an outline for boosting its strength in product quality, with a view to fostering high-quality development and promoting the countrys transformation from a major economy to a stronger one.

China's contribution to world economic growth has exceeded that made by G7 countries during the past decade, showcasing the strong resilience and enormous potential of the economy, experts said.

China's contribution to world economic growth has exceeded that made by G7 countries during the past decade, showcasing the strong resilience and enormous potential of the economy, experts said.

The Chinese economy is still on track to a steady recovery with a gradual normalization of activities and strong policy support, as profits at Chinas major industrial companies declined at a slower pace in August.

Experts said on Tuesday that Chinese investors holdings of U.S. Treasuries reaching a 12-year low will help China reduce market losses resulting from monetary tightening in the United States and optimize the countrys international asset allocation.

The State Council, China's Cabinet, has approved a plan to implement relief work programs on major projects to help people find jobs close to home and boost incomes.

China unveiled a new plan on Tuesday to expand its national road network to around 461,000 kilometers by 2035, as part of its larger move to build a modern, high-quality and comprehensive national transportation network, said officials and experts.

China is committed to pursuing innovation-driven growth and accelerating its industrial upgrade this year amid multiple pressures and uncertainties, as high-quality development will remain a key to Chinas future, officials and experts said on Friday.