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China will increase its fiscal budget for air pollution control to 25 billion yuan (.73 billion) this year, up 25 percent year-on-year, said Vice-Minister of Finance Liu Wei.

China's Dazhong Go, which is part of the Shanghai Dazhong Transportation Group, and Japan's Daiwa Motor Transportation Co Ltd on Wednesday signed a collaboration agreement in Shanghai which would improve the travel experience of their customers in Tokyo and Shanghai.

China's blue-chip SSE50 Index, also called China's "Nifty Fifty", increased 0.32 percent to 2631.41 on Monday, which was the highest level in almost two years.

China's BOE Technology Group Co Ltd has invested heavily to ramp up its OLED production in recent years.

China's Fengyun meteorological satellites have played an effective role in providing information on natural disasters for countries involved in the Belt and Road Initiative in the past year, she said.