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China is expected to unveil a three-year action plan on SOE reform in the first quarter of next year and these measures are set to instill fresh momentum in the country's capital market, invigorate the real economy, cut overcapacity and SOEs' administrative functions, said Li Jin, chief researcher at the China Enterprise Research Institute in Beijing.

China initiated the LMC Special Fund during the first LMC leaders' meeting in March 2016 with the aim of supporting the small and medium-sized cooperation projects put forward by the six Lancang-Mekong countries.

China has rolled out a number of measures to significantly broaden market access since the beginning of 2018, the year that marks the 40th anniversary of the country's reform and opening-up policy.

China is playing a key role in the future of the automotive industry, leading the development of electric vehicles and other related trends, and it is an important country for Gestamp's strategy.

China imported 260 million metric tons of iron ore, 130 million tons of crude oil and 95.78 million tons of coal in the first quarter of 2022, growing 1.3, 5 and 28.4 percent year-on-year respectively.