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China's leading electric vehicle maker BYD Co Ltd on Tuesday signed a contract for 500 electric dump trucks for construction companies in Shenzhen, Guangdong province, marking its largest sales order of its kind.

China's non-manufacturing PMI edged down from the previous month and stood at 54.2 in July. The composite PMI, which covers manufacturing and non-manufacturing activities, edged down to 54.1 from June's 54.2, indicating an overall restorative expansion in economic activities, the NBS said.

China's economy grew by 4.9 percent in the third quarter compared with a year earlier, according to official data. It is the first major economy in the world to have recovered from the coronavirus crisis.

China's insurance regulator seized control of Anbang in February. It said Anbang had violated regulations, putting into question its ability to pay insurance claims. The move caused concern in the New York real estate sector over whether the hotel's conversion plans made last year would proceed.

China's non-financial outbound direct investment in 45 countries related to the Belt and Road Initiative over the first four months of 2017 has reached .98 billion (27.4 billion yuan), an official from the Ministry of Commerce said on Wednesday.