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China remains the powerhouse and pivotal driver of the automotive market in the world, with the original equipment market experiencing a steady ascent. In 2016, the production and sale of automobiles in China grew rapidly and achieved record heights. The production and sales reached 28.12 million and 28.03 million units, respectively.

China upholds peaceful development and cooperation to actively advocate a new type of international relations and the push to build a community of shared future for mankind, a senior Chinese official said in Sochi, Russia, on Thursday.

China mainly exports mechanical and electrical products, vehicles and accessories, and steel and steel products to Egypt, and imports crude oil, stone, lubricant, citrus and ore from the country.

China was selected by the Indonesian government to build the country's first bullet rail link last year. It will start constructing a .5 billion high-speed railway line from Jakarta to Bandung.

China plans to eliminate 100 million to 150 million tons of crude steel capacity in five years from 2016, and 500 million tons of coal. After the process around 1.8 million employees will no longer be needed, official data shows.