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China's auto market also expanded steadily in the reporting period. A total of 14.07 million vehicles were sold in China in H1, up 5.57 percent year on year, according to CAAM. Meanwhile, some 14.06 million vehicles were produced, up 4.15 percent.

China will encourage wholesalers, e-commerce companies and supermarkets to establish stable and long-term cooperative relationships with impoverished villages with the potential to develop the agricultural sector, according to a plan released by 10 agencies, including the Ministry of Commerce.

China will help Pakistan increase its electricity supply by 80 percent in the next five years and some power plants have already started generating power, the special envoy said.

China's annual output of automobiles is poised to break 50 million, said Dong Yang, executive vice chairman of China Association of Automobile Manufacturers (CAAM). Dong made the announcement at the 2017 China Auto Forum held in Shanghai on May 15.

China will offer loans at lower interest rates to encourage medical equipment companies to resume and step up production, in its latest push to fight the novel coronavirus outbreak, the country's top industry regulator said on Monday.