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China is ASEAN's largest trading partner. ASEAN is the third-largest partner and a major investment destination for China.

China is capable of achieving a growth target of around 6.5 percent this year and domestic consumption will be a key growth driver, He Lifeng, minister of the National Development and Reform Commission, said Tuesday.He said the government will roll out more policies to boost investment, including greater support for private investment. He estimated investment will contribute about one-third to overall economic growth this year.Domestic consumption will be a strong growth driver and could contribute around 60 percent to the growth, along with the development of emerging industries and modern service sector, He told reporters at a news conference on the sidelines of the ongoing annual session of the National People's Congress, China's top legislature.The minister also expected China's foreign trade to maintain stable growth this year, as it is expected to contribute 8 to 9 percent to the country's overall economic growth.

China is tightening its management of car manufacturing license holders. Earlier this year, the Ministry of Industry and Information Technology published a list of 27 automakers that hadn't produced new energy cars for a year or more.

China is always against abuse of trade remedy measures and hopes the European Commission will honor the WTO's rules and deal with this case prudently to avoid impact on normal bilateral trade and cooperation, he said.

China is on the fast track transforming itself into an innovative country driven by the rapid development of its digital economy which is reshaping the country's traditional industries, experts said.