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China's largest private carmaker Geely sold 105,468 vehicles last month, up 2 percent from the same period last year.

China's new negative lists, which were shortened to introduce greater opening-up, will take effect on July 30, the country's top economic regulator said.

China's major nonferrous companies experienced a profitability surge in the first half of 2018, with analysts forecasting the industry's prospects are likely to remain promising throughout the year.

China's opening-up policy has served as a lifeline for Hainan's economy and a driver of the island province's rapid development over the past three decades. It is also the primary strategy for building a free trade zone and free trade port.

China's economic growth results are expected to remain stable not only in 2017 economic reports yet to be released but also in 2018, despite a slight decline in a major index measuring the expansion of the manufacturing sector in December, analysts said.