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China's monetary authority will maintain a prudent monetary policy in the second half of this year, although some external factors may add to economic growth pressure, according to the country's central bank.

China's childcare industry had an estimated value of 193 billion pounds (9 billion) in 2015. The market is expected to grow to 370 billion pounds by 2020.

China's foreign trade continued to pick up in November with notable growth and improved structure, official data showed Monday. The country's foreign trade expanded 7.8 percent year-on-year last month, with exports jumping 14.9 percent year-on-year in Chinese yuan terms. Imports dipped 0.8 percent from a year ago, the General Administration of Customs said.

China's need for lightweight technologies will grow in the future. If they are to produce more electric vehicles, Chinese OEMs need to further reduce the weight of the cars in order to increase battery range.

China's consumer confidence, an indicator of economic booms and busts, bounced back to its record high in the past 12 months as the economy stabilized, according to an index published by global measurement firm Nielsen last week.