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CASS estimated that China's economy would expand by 6.7 percent and 6.8 percent in the fourth quarter and for the whole year, respectively.

By reshuffling business layout, Ford is saving billion in investment costs, improving the financial health of its Focus business and further improving manufacturing scale in China. All these will help create a more operationally fit Ford, the statement said.

Byton also announced it has signed up with several local partners, including retailer Suning for its online mall and shared mobility services, CATL to supply lithium batteries, Star Charge and TGood for charging facilities and pile sharing, and Baidu for voice and image recognition.

By the end of 2020, one million jobs are expected to be created by strategic emerging industries each year, according to the nation's 13th Five-Year Plan (2016-20).

CANBERRA - The Chinese mainland has overtaken New Zealand as the biggest source of international visitors to Australia for the first time.