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"Considering the two accidents took place when newly delivered Boeing 737 Max 8s went down just minutes after taking off in less than five months, they have some degree of similarity," the administration said in its statement.

"Currently, there are a total of 130,000 stations for the monitoring of various types of hydrological information across the country," the ministry said. "Previously, these stations could collect precipitation and hydrological information no more than four times a day. Now, the information could be collected every hour. If needed, it could be done every minute."

"China, the greatest online retail player in the world, can represent a great opportunity for those European companies who are willing to serve the country's growing middle-class consumers."

"China's economy stabilized in the first quarter of 2019, better than expected, and will hopefully achieve stable growth for the whole year… The banking sector will continue to step up the efforts to dispose of nonperforming loans and will keep pressing ahead risk prevention and control in key areas," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"China's moves to tighten its credit system are admirably in tune with its efforts to advance reform and opening-up and develop the Belt and Road Initiative with other international partners," said Wang Jun, a researcher at the China Center for International Economic Exchanges.