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China's NEV production and sales reached 480,000 units and 464,000 units in the January-May period, up 46 percent and 41.5 percent year on year, respectively, according to Xin.

China's central government has announced a series of healthcare reforms to establish a basic, universal health system that can provide safe, effective, convenient and low-cost health services. The reform affects most facets of healthcare delivery, including health insurance, primary care, hospital management, medication and public health. China also encourages cooperation with foreign pharmaceutical companies. All these involve better planning, coordination and cooperation, which is a big challenge for the government.

China will only become more and more open and will further transform government functions to stimulate market vitality, Li said in a meeting with Republic of Korea representatives on Friday. They had traveled to Beijing for the first round of dialogue between business leaders and former government officials of the two countries.

China will reduce real interest rates on loans for micro and small businesses and increase lending to the manufacturing industry to boost innovation and support the real economy, the State Council's executive meeting, chaired by Premier Li Keqiang decided on Wednesday.

China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to hold the currency as a reserve asset, according to a report from the nation's central bank.