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China will continue to enhance media cooperation with countries and regions participating in the Belt and Road Initiative, the president of the All-China Journalists Association said on Wednesday.

China put forward the Belt and Road Initiative in 2013, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes.

China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transition, the government decides to achieve this goal by enacting policy in several phases. This year's subsidy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.

China relies heavily on imports to meet its soybean demand, with Brazil and the United States the two biggest suppliers. Most of those imports are used to produce edible oil and animal feed.

China passed the United States last year as the world's biggest electric car market. Last year, China sold 507,000 NEVs, an increase of 53 percent year on year. Sales of pure electric vehicles surged 65.1 percent year on year to 409,000, accounting for 80 percent of new energy vehicle sales.