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China is a world-leading sales and logistics services provider with full-fledged supply chain clusters, making it a go-to supplier for global enterprises, according to Yang Daqing, a researcher with the China Society of Logistics.

China is the largest market for Hyundai and Kia, both subsidiaries of the Hyundai Motor Group, accounting for 23.5 percent and 21.5 percent, respectively, of their global sales in 2016.

China is estimated to have about 140 million families - around 400 million people - with annual incomes of 100,000 to 500,000 yuan that can afford cars, housing and travel, the NBS' Ning said. Consumption potential can be further unleashed by increasing residential incomes and improving product quality to build a strong domestic market, he said.

China is calling for more efforts to build charging poles for electric vehicles, which are expected to alleviate concern about mileage capacity and boost the country's new energy vehicle market that has shown signs of a slowdown.

China is expected to account for more than 100 billion yuan (.47 billion) in the big-data distribution and exchange market by 2020, said Han Han, director of the Engineering Research Center for Big Data Circulation Compliance Assessment. This will come with the support of the National Engineering Laboratory for Big Data Distribution and Exchange Technologies.