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Cross-border flows of yuan-denominated investments rose sharply in the last decade, ever since the RMB was internationalized. Yuan-denominated foreign direct investment in China and China's overseas direct investment rose to 2.66 trillion yuan in 2018 from 28 billion yuan in 2010, up 95 times, PBOC data showed.

Customers are working on laptop in a Starbucks coffee shop in Beijing, June 2, 2017, [Photo/VCG]

Currently domestic auto consumption still lacks confidence, the CAAM said. Meanwhile, some regions implemented the State VI emission standards ahead of schedule, which weighed on the market and led to an overall weak performance.

Currently, the occurance rate of ultra-low birth weight infants (less than 1,000g) in China is 0.2 percent. The survival rate of those weighing 501g to 750g at birth accounts for only 55 percent, while those under 500g when born can rarely survive at all.

Cross-border e-commerce businesses also demand easier and faster customs clearance for traders from both sides, Hou said. He suggested the government should forge more cooperation with other countries in simplifying customs clearance.