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China's traditional and new energy vehicle manufacturers will be heavily impacted by the launch of Tesla Shanghai factory, with the delivery of the vehicles at the end of 2019 and the price coming down to 300,000 yuan, an industrial insider said as reported by Sina Finance.

Chinese Foreign Ministry spokesman Geng Shuang said the issue was an "individual, normal trade remedy investigation case".

Chinese President Xi Jinping's speech at the Boao Forum for Asia confirming the country will open up further indicates the country will bring more dividends to the world via this policy, according to a post on the National Bureau of Statistics website Thursday.

China's top envoy in Brazil said his country was willing to work with Brazil to promote the continued development of their comprehensive strategic partnership based on mutual respect, equality and benefit.

China's spending on research and development hit a high of 2.23 percent of its GDP in 2019, up by 0.09 percentage point from the previous year, data from the National Bureau of Statistics showed on Thursday.