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China's broader auto industry has seen a recovery. Data from the Ministry of Industry and Information Technology (MIIT) showed that the country's automobile production and sales increased by 21.9 percent and 16.4 percent, respectively, year on year in July.

China will properly manage the timing, pace and intensity of macroeconomic controls to achieve higher quality growth, Premier Li Keqiang said.

China's Ambassador to India, Sun Weidong, says China and India "should be partners rather than rivals", and he has called on the two countries to put their relationship back on the right track.

China's GDP growth slowed to 6 percent year-on-year in the first three quarters of 2019, down from 6.6 percent in 2018. The slowdown featured a deceleration in investment growth and weaker investor confidence amid heightened trade policy uncertainty.

China's Belt and Road Initiative eyes win-win cooperation between countries along the route. Japanese economic community has pinned high hopes on the initiative for boosting regional prosperity and sharing fruits of development, and has asked the Japanese government to adopt a positive attitude towards it.