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China's car sales are expected to benefit modestly from the package of stimuli the authorities announced last month, but carmakers should do their part to survive the flagging market, according to analysts and industry insiders.

China will speed up local government bond issuance this year to help the timely implementation of various projects.

China's GDP continued to grow at an unexpectedly fast rate of 6.8 percent from January to March, while the economy continued restructuring toward services, consumption, entrepreneurial companies and higher-quality manufacturing. Retail sales grew by 9.8 percent and the service sector grew by 7.5 percent from the same period of last year — both higher than the growth rate of overall GDP.

China's National Office Against Pornography and Illegal Publications reiterated that China won't tolerate the production and distribution of sexually explicit content featuring minors.

China's auto sales will continue to show negative growth or remain flat in the next two years, but is expected to see growth from 2022 onwards and perhaps a 4 percent increase from 2023-25, Xu added.