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China is implementing the largest tax and fee cut of recent years, saving enterprises and individuals nearly 1.35 trillion yuan (9 billion) in the first seven months of this year. As a tradeoff, governments at all levels are told to "tighten their belts."

China is striving to cultivate a globally competitive internet-connected vehicles industry, planning to have smart cars with partial or fully autonomous functions account for 50 percent of the new vehicles sold in the nation by 2020.

China is distinct from its Western counterparts. Domestically financed debt, a higher-than-average savings ratio, and stronger-than-usual fiscal strength separate the economy from others and offer the country sufficient room to ward off financial risks.

China imported almost 13.5 million metric tons of garbage in 2019, down about 40 percent year-on-year, and the country expected to realize zero imports by the end of this year, an environmental official said.

China is confident of achieving its annual industrial growth target of 5.5 to 6 percent year-on-year in 2019, as the nation works hard to boost the high-quality development of manufacturing, despite trade friction with the United States, the nation's top industry regulator said on Tuesday.