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China's northernmost city, Mohe in Heilongjiang province, issued a red alert for a cold snap on Monday, its first since records began, before the mercury plunged by 22.1 C to -41.1 C on Tuesday and dipped further to-42.7 C on Wednesday.

China's consumption upgrade has created a new growth point for global auto companies, and luxury car sales remain at a high level compared with low- and medium-end models.

China's foreign financing support is based on recipients' needs and local conditions, and focuses on capacity building in those countries, Zhang said, adding that the efficiency and influence of the cooperation with China is obvious to all.

China's courier industry is expected to be handling 1 billion parcels per day within five to eight years, but few couriers have developed the capabilities needed to cope with that astonishing amount, said Jack Ma, Alibaba's billionaire founder and chairman.

China's first high-speed rail with an undersea segment connecting Zhoushan Islands in East China's Zhejiang province with the mainland began rolling with the launch of a full-scale survey and design, Xinhua News Agency reported on Tuesday.