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China's automobile industry has recovered to relative normalcy and the trend will remain in the future. It is expected that the growth rate of the fourth quarter will be similar to that of the third, said Cui Dongshu, secretary-general of the China Passenger Car Association.

China's Vice-Premier Wang Yang said, "Although China has run a trade deficit with several countries in the region, we do not engage in trade protection, and we are willing to further expand our imports from these economies to meet diverse needs."

China's auto sales are projected to increase 11 percent year-on-year to 2.28 million in June, according to the China Association of Automobile Manufacturers.

China will further open up its financial sector and experiment with financial reform in certain regions to better serve major strategies for regional development, officials said.

China's Belt and Road Initiative is a "game changer" and "has increased the efficiency of global trade", according to a senior South African diplomat in an exclusive interview with China Daily.