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By 2025, China's investment in 5G, extra-high voltage, intercity high-speed railway, urban subway systems, new energy cars and chargers, big data, AI and industrial internet, will reach 10 trillion yuan, as well as will drive supporting industries. Cumulative investment will surpass 17 trillion yuan, said Economic Information Daily, citing CCID Consulting.

By 2030, the report revealed 58 percent of Chinese households are likely to be in the mass-affluent category or above, and the spending of urban Chinese consumers is converging with that of their counterparts in cities around the world.

Buying travel products has become a new favorite of Chinese consumers during the Singles Day shopping spree, and the growth rate in this activity has exceeded the purchases of some physical goods.

But the heavy loss has triggered public discussions about why so many livestock are being raised and houses built in the floodway. By press time, there was no official response to the question.

But, the carmaker said that it "welcomes China's commitment to further market opening and reforms by lifting the foreign shareholding limit for automotive joint ventures for passenger vehicles from 2022".