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China's auto sales saw its first monthly rise this year in April, with deliveries up 4.4 percent to 2.07 million, when car plants in many other countries remained closed, according to the China Association of Automotive Manufacturers.

China's Ant Financial Services Group reached a strategic partnership agreement and signed a Memorandum of Understanding with Norwegian Telenor Group in an effort to bring mobile payment and inclusive financial services to individuals and small and micro businesses in Pakistan.

China will inject around 10 billion yuan (.52 billion) over the next three years to support the development of industries involved in the Made in China 2025 strategy, a blueprint for upgrading the country's manufacturing sector, the Economic Information Daily reported Thursday.

China will further facilitate overseas-funded companies in setting up venture capitals and investment companies, and improve relevant rules on overseas investors' strategic investment in listed firms and their mergers and acquisitions of domestic companies, Li said.

China's automobile sector is expected to maintain its recovery momentum in the second half of the year thanks to favorable policy support and a revival in demand by consumers, but carmakers need to make more efforts to adapt to the changing shopping preferences of young consumers to ensure long-term growth, industry experts said.