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China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and encouraging policies, with sales rising 4.4 percent year-on-year. This ended a contraction streak over the past 21 months, according to CAAM.
China's accelerated steps on free trade zones development will facilitate a higher-level of opening-up, which would further drive domestic economy to be more "tenacious" in face of trade conflicts, experts said.
China's FTZs, which expanded from the first in Shanghai to 11 across the country, are a way of testing new policies, including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.
China's GDP expanded 0.7 percent year-on-year in the first three quarters, turning positive after the negative 1.6 percent in the first half, according to the National Bureau of Statistics.
China will keep expanding international cooperation with other countries on climate change, public health, energy, as well as scientific policy, research ethics and other topics of global concerns, Wang Zhigang, minister of science and technology, said on Friday.