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China's NEV market is expected to grow at a compound annual growth rate of 36.1 percent between 2020 and 2025, said the report.

China will further open up its market for imports from other BRICS countries and pledge to spearhead an anti-protectionism campaign with Brazil, Russia, India and South Africa, a senior commerce official said on Tuesday.

China will take further measures to support private investment as the country tries to stabilize growth while encouraging deleveraging, especially within State-owned enterprises, according to the nation's top economic regulator.

China's bourses are picking up stakes in stock exchanges abroad in the hope of giving further impetus to Belt and Road Initiative projects.

China will increasingly rely on longer-term and special-purpose government bonds to finance construction and stabilize the economy, preventing the GDP growth rate slowing to a multi-decade low in the second half of this year, said economists.