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China's economic growth is projected to decline to 2.3 percent in the baseline or most likely scenario and to 0.1 percent in a worse-case scenario in 2020, down from 6.1 percent in 2019, the World Bank said in the updated economic report for the East Asia and Pacific region issued on Tuesday.

China's new yuan-denominated loans reached 1.06 trillion yuan in July, central bank data showed on Monday.

China's national image in the international community has continued to improve in recent years, according to a report released in Beijing on Tuesday.

China's once-sizzling property market has shown signs of cooling as prices have faltered in major cities amid tough government curbs. Central authorities have reiterated on many occasions that "housing is for living in, not speculation."

China's largest battery manufacturer CATL recently announced cooperation with Baicheng New Energy to establish a joint venture to make inroads into the growing market for charging poles across the country.