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"China's central bank will likely maintain the current policy to allow the yuan's exchange rate to move at a reasonable level," said Yeung. "China will not and has no intention to push for competitive depreciation."

"China's steady banking and insurance sector is serving the real economy more efficiently and effectively," said CBIRC spokesperson Xiao Yuanqi.

"Conducting deep research on blockchain is the right thing for China to do to develop financial technology, as blockchain is an emerging technology that may become the future financial infrastructure," said Yao Qian, director-general of the Institute of Digital Money at the People's Bank of China.

"Consumers can either choose installments of three, six, nine and 12 with zero down payment, and the monthly service charge is as low as between 0.6 percent and 0.9 percent," said Zhou.

"Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the country's own economy."