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China will make strenuous efforts to build a more comprehensive and rigorous social credit system to improve the business environment and boost development, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.

China's 25 leading excavator makers sold a total of 20,939 excavators last month, up 51.3 percent year-on-year, according to the China Construction Machinery Association.

China will remain the world's fastest-growing insurance market in the next 10 years in terms of the scale of insurance premiums, industry experts said at the 2019 Insurance Conference.

China will not make replacing the status of other currencies a major objective, he added.

China's bike-sharing craze is causing parking chaos, traffic congestion and is a safety hazard.