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China is stepping up efforts to build charging poles and thereby foster its new energy car sector, as the nation is phasing out the decadelong subsidies on such vehicles' production and sales, according to officials.

China is confident of achieving its annual industrial growth target of 5.5 to 6 percent year-on-year in 2019, as the nation works hard to boost the high-quality development of manufacturing, despite trade friction with the United States, the nation's top industry regulator said on Tuesday.

China is the world's second largest source of cruise passengers. The country's 11 major ports saw more than 4.5 million inbound and outbound cruise trips last year, up 84 percent year-on-year.

China is scheduled to phase out foreign investors' equity cap in commercial vehicle joint ventures starting from late July, as part of its commitment to further opening up the world's largest vehicle market.

China is rolling out proactive fiscal policy and supportive monetary policy, the effect of which will gradually unfold, Cheng said. "The Chinese economy is likely to stabilize and rebound in the first quarter of this year, beating market expectations."