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China's vehicles totaled 275 million on roads as of September this year, according to data from the Ministry of Public Security, and Fu added the figure matched that of the US.

China, built on its rapid return to growth, could lend an impetus to the world's economic recovery by expanding vaccine access, providing debt relief and sustaining global infrastructure investment, the International Monetary Fund said Wednesday.

China's reduction of excessive production capacity and the environmental protection measures put in place since last year have led to reduced production and rising prices for some industrial products. Meanwhile, costs have dropped, accounting for 92.74 percent of the main business revenues of industrial enterprises on average in August, compared with 93.4 percent a year ago, according to the NBS.

China's securities firms, which have been driving this quarter's A-share market bull run, have emerged as one of the biggest winners of the recent rally, and could see mergers and acquisitions as they are on the cusp of a new era.

China, which imported more than 25 million tons of LNG in 2016, is expected to import up to 50 million metric tons of LNG this year, whereas the South Korean LNG demand will remain at less than 40 million tons, according to Marc Howson, director of the LNG market of S&P Global Platts.