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China's CPI, a main gauge of inflation, rose 5.4 percent year on year in January, according to the National Bureau of Statistics (NBS). The increase was up from 4.5 percent for December.

China will press ahead with the reform of State-owned enterprises to provide a greater driving force for high-quality economic development with State capital, according to a decision made by those at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

China would be a particular focus, said Trade Desk founder and CEO Jeff Green. He usually would spend half of his time traveling in China, trying to get familiar with its market and economy landscape.

China's automobile industry is witnessing upgrading and transformation in 2019, and confronting more intensified competition, the association said. Vehicle safety, environmental protection, energy conservation and traffic congestion problems are also worth noting as the number of vehicles on the road increases, CAAM added.

China's GDP growth eased to 6.6 percent in 2018, down from 6.8 percent in 2017. While slower growth is to be expected at this stage of the country's development, to cope with the effects and give a boost to the manufacturing sector and real economy which have been facing external headwinds, the authorities have introduced a series of supportive measures, such as tax and fee cuts.