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China started to offer hefty subsidies in 2009 on new energy vehicles to stimulate the sector's development, but now is gradually scaling them down and plans to eliminate it completely by 2020.

China was again the company's biggest sales market last year, where 652,996 Mercedes-Benz cars were handed over to customers, up 11.1 percent year-on-year.

China set the tone of its 2017 monetary policy as prudent and neutral, keeping appropriate liquidity levels but avoiding excessive liquidity injections.

China now leads the world in new energy vehicles development. The Chinese leading electric bus builder and the world's largest manufacturer of rechargeable batteries BYD has mastered the core technical chain of battery, electric motor and electric controlling system in NEVs field, Du Guozhong, head of the company's media relations department, told Xinhua Thursday.

China is willing to join Russia in safeguarding an international system with the United Nations at its core and a multilateral trading system based on the World Trade Organization's rules, Li said. That is of great significance for promoting the development, prosperity, peace and stability of the world, he said.