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China's auto market has seen slumping sales for 16 consecutive months. Sales for the first 10 months of the year totaled 20.65 million units, with a 9.7 percent year-on-year decline.
China's GDP expanded 6.7 percent year on year in the first nine months to about 65.09 trillion yuan (.38 trillion), official data shows.
China's bond market has accelerated opening up since 2019 with expanding issuance scale of panda bonds, and the launch of Silk Road-themed bonds and the Belt and Road Initiative bonds, according to the PBOC.
China's automotive market slowed sharply in 2017, but new energy vehicles have been a bright spot. An industry body said this month that new energy vehicle sales would likely grow 40 percent this year, topping 1 million vehicles.
China would always stand by developing countries and be their sincere friend and reliable partner, no matter how the international situation changed or how China developed, Xi told Biya.
