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China will roll out its reform of decoupling business licenses from operating permits on all 523 items concerning business operations subject to central government approval starting Dec 1 in pilot free trade zones nationwide.

China will introduce a "code of conduct" for outbound investment to provide better guidance on risks to companies investing overseas, after efforts to curb irrational investment have started to take effect, people familiar with the matter said.

China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising by 4.4 percent year-on-year, which ended the contraction streak over the previous 21 months, according to CAAM.

China's automotive industry is poised to recover to the level of the previous year in 2020, the country's top economic regulator said on Wednesday.

China will maintain the consistency, stability and sustainability of its macro policies and strive to keep its economic performance within a reasonable range, Premier Li Keqiang said on Tuesday.