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China's auto market hit a new high for the year in September in terms of both production and sales, and the trend is expected to continue into the fourth quarter, according to the China Association of Automobile Manufacturers.

China will improve its long-term regulatory mechanism for vaccines and implement the toughest possible oversight on related products, Jiao Hong, head of the National Medical Products Administration, said on Monday.

China will take major steps to stabilize and bolster foreign trade and investment amid the rising uncertainties and disruptions surrounding the world economy and trade from the COVID-19 outbreak, the Ministry of Commerce said on Monday.

China will increase local governments’ special bonds on “a large scale” next year, to guarantee enough fund injection into key infrastructure projects and to prevent debt risks, said Finance Minister Liu Kun.

China's central bank, the People's Bank of China, announced a cut in the reserve requirement ratio by 1 percentage point on Friday, freeing up 6 billion capital for lending.