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China will stick to its prudent monetary policy, strengthen financial regulatory coordination, improve its ability to handle risks, better guide the financial system to serve the real economy and safeguard national financial security, the report said.

China's auto dealers are likely to face more pressure in June because of weaker demand compounded by the earlier-than-expected adoption of tougher emissions standards in some regions, according to a leading industry association.

China witnessed a boom in green bond since last year, with billion of green bonds issued, accounting for 40 percent of the green bonds issued globally.

China's brandy production though is in its early days. Dozens of domestic wine companies produce brandy and only a few of them are in scale. Around 139,300 tons of brandy were produced in China last year, CADA said.

China's EV market represented 45.1 percent of the global EV sales volume and is expected to grow at a CAGR (compound annual growth rate) of 29.4 percent from 2019 to 2025, reaching 4.2 million units in 2025, according to IHS Markit Report.