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China's car market kept stable growth in the first half of this year, with sales of vehicles reaching 14.07 million — a 5.57 percent year-on-year increase — and output of vehicles expanding to 14.06 million, making for 4.15 percent year-on-year growth, according to Xinhua.

China's "river chiefs" and "lake chiefs" system — in which government officials are assigned to protecting waterways in their area — was established a decade ago in response to a blue-green algae outbreak in 2007 which contaminated the local water supply in Wuxi. The water crisis lasted for about a week and affected more than 1.5 million people.

China will host the 2019 World Environment Day on June 5 in Hangzhou, capital of Zhejiang province, with air pollution as the theme, officials said on Friday.

China's asset management businesses have been expanding rapidly in recent years, with collective outstanding volume reaching over 100 trillion yuan ( trillion) by the end of 2016, the China International Capital Corporation quoted data from the central bank as saying.

China will establish systems to subject such violators to more severe punishment, including hefty fines and compensation for consumers, Zhang Mao, minister in charge of the State Administration for Market Regulation, said. Violators will have all fake or substandard products identified, confiscated and destroyed, he said.