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China's premium vehicle sales totaled 2.8 million last year, up around 8 percent from 2017. Many saw a faster growth rate.

Chinese A-shares extended a rally on Tuesday with the Shanghai Composite Index climbing to a three and a half month high.

China-Arab economic and trade cooperation has gained steam in recent years. Last year, bilateral trade volume between the two sides reached 4.3 billion, jumping 28 percent year-on-year.

China's personal income tax threshold is expected to rise to 5,000 yuan per month from the current 3,500 yuan, according to the draft amendment of individual income tax submitted in mid-June. For the first time, housing rent will be deductible from personal tax, along with the cost of children's education and continuing education, medical fees for major diseases, interest on housing loans.

China, EU agree on green partnership, digital cooperation