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China expects intelligent cars with some autonomous functions to account for 50 percent of new vehicles to be sold in the country by 2020, as part of its efforts to grow into a global power in the sector by 2035, according to a blueprint released by the National Development and Reform Commission earlier this month.

China continues to build an average of two billion square meters of new buildings every year, driven by population growth, urbanization, and unprecedented economic development. As such, the building sector already accounts for approximately 20% of China's total primary energy consumption and 25% of GHG emissions. In the next 20 years, Chinese cities are expected to add a further 280 million citizens, as China becomes 70% urbanised.

China has collected a "pollutant discharge fee" since 1979. However, some local governments exploit loopholes and exempt enterprises which are otherwise big contributors to fiscal revenue. For years, regulators have suggested replacing the fee system with a law.

China has been recovering more steadily than other countries from the pandemic. The country will see more FDI inflows in sectors like medical products, pharmaceuticals and high-tech industries over the next several years.

China has been striving to close small mills that churn out low-quality steel made from scrap metal, this year, leading to decreased supply.