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China will hold a grand military parade in Beijing on its National Day, which falls on Oct 1, to celebrate the 70th anniversary of the founding of the People's Republic of China.

China's breakaway performance, which accounted for an astonishing 47 percent of Audi's global sales, was however one of the carmaker's few sales highlights internationally.

China will further improve its business environment by halving the time required to start an enterprise and launch construction projects, the State Council decided on Wednesday at an executive meeting chaired by Premier Li Keqiang.

China's central bank issued the final version of the tightened asset management regulation on Friday, banning guarantees on investment products' fixed-yield returns and limiting leverage levels to curb potential financial risks.

China will establish authoritative, unified and accessible credit records of all market players, based on their social credit codes, to boost government oversight, the State Council decided at an executive meeting last week. According to a statement released after the meeting, the government will step up oversight of the social credit of businesses to ensure fair competition and reduce the cost of market transactions.