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China has decided to build a number of key hubs for the logistics sector and improve its efficiency and information-sharing as part of efforts to substantially reduce the ratio of overall logistics costs to GDP, and build a modern logistics system.

China conducted an investigation immediately, especially regarding a claim that a Chinese ship transferred petroleum products to a DPRK vessel in international waters on Oct 19, and found the report untrue, Hua said at a regular news conference.

China had around 327 million motor vehicles at the end of last year, including 240 million automobiles, according to the traffic management bureau of the Ministry of Public Security.

China currently has 96 central SOEs, down from 196 in 2003, as the central government has restructured them to improve their efficiency and competitiveness.

China currently has more than 600 million game users, with industrial value surpassing 200 billion yuan, he added.