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China is the world's largest bicycle exporter with its output accounting for about half of the global total, though its export volume and unit price have reached a plateau, Chen Junbin, a research fellow at CITIC Securities, said in the report.

China has reiterated the principle that "houses are for living in, not speculation." While curbing housing price speculation, the country will also implement city-specific policies in the sector, according to this year's government work report.

China is aiming to become a leading auto-maker within a decade by making breakthroughs in key technologies and markedly increasing the share of Chinese brands in the international auto market.

China is building the world's largest liquefied natural gas carrier with a capacity of 270,000 cubic meters to cope with the rising demand for the clean fuel in the nation, a top shipbuilder said on Tuesday.

China is the world's second largest consumer market, with a population of 1.4 billion, including more than 400 million middle-income earners. Last year, China's per capita GDP crossed the 10,000-dollar threshold for the first time.