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China's new energy vehicle sector started to lose steam from the second half of last year following the latest round of subsidy cuts in late June.

China's industrial output grew 7 percent last month, quickening from the 6-percent rise in March and easily beating market expectations of around 6.4 percent, according to data from the National Bureau of Statistics (NBS).

China's leverage ratio stood at 255.6 percent at the end of the third quarter of 2016, lower than the average of major developed countries, the National Development and Reform Commission (NDRC) said in a statement, citing data released by the Bank for International Settlements (BIS).

China's economy volume ranks second worldwide now, compared with the 8th slot in 1970.

China's national railway operator said it will increase its passenger transport capacity in the second quarter of this year, highlighting the first interprovincial loop railway service in the country.