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China started cutting import tariffs on vehicles and auto parts on July 1, thus potential customers were holding money in June for a better price after July. As the country started to add a 25 percent additional import tariff to vehicles made in the United States on July 6, certain US brands saw a sales increase in June compared with the previous month, Wang said.

China responded immediately to the latest tariff on Chinese imports imposed by the US government under the excuse of an investigation under Section 301 of the Trade Act of 1974 on Friday, arousing wide concerns that a trade war will not only harm the pair's huge bilateral trade but also US companies' confidence in China.

China launched the world's largest carbon emissions trading market on December 19, 2017. Yet the price of carbon has remained low.

China itself can draw on its recent experiences of linking major cities by high-speed rail, significantly cutting travel time and encouraging technological innovation.

China rolled off the production line a prototype magnetic-levitation train with a designed maximum speed of 600 kilometers per hour in Qingdao on Thursday, filling the gap in travel speed between aviation and high-speed rail passenger transport in the country, according to its manufacturer.