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China's oil demand is expected to increase 4.6 percent year-on-year to 615 million tons in 2018. The country's oil consumption increased 5.9 percent annually to 590 million tons last year, the highest figure since 2011, said the report.

China's e-commerce giant JD.com has launched robot deliveries in Beijing's Haidian district, reports zjol.com.cn.

China's economy is transitioning from a high-speed growth stage to a high-quality development phase.

China's financial regulators are building a nationwide credit information monitoring system, based on assessing the debt payment ability of businesses and individuals, and overseas credit information service companies will be allowed to participate in it, said a senior official with the central bank.

China's investments in the overseas auto industry have totaled more than billion since 2008, according to the report. In the United States, Chinese companies now are hiring thousands of workers and manufacturing products from auto glasses to luxury cars.