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China's services sector activity expanded at its fastest pace in more than three years last December, which analysts said signals stable growth in the world's second-largest economy.

China's rapid urbanization and economic development have generated a substantial increase in the production and utilization of motor vehicles in the country, said Christine Engstrom, director of the ADB's private sector financial institutions division.

Chinese Foreign Ministry spokesperson Zhao Lijian made the remarks when asked to comment on a statement Canadian Prime Minister Justin Trudeau made when asked if he regrets the 2018 arrest of Huawei Chief Financial Officer Meng Wanzhou. Meng was arrested in December of 2018 in Vancouver following a US extradition request.

China's overall vehicle sales fell by 8.2 percent on a yearly basis to 25.77 million units last year, following a 2.8 percent dip in 2018, said the association.

China's production-led economic recovery is poised to gain further traction with key indicators for May confirming that the nation is emerging strongly from the COVID-19-related slump, officials and experts said on Tuesday.