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China's first-ever guideline that advocates entrepreneurial spirit and creates a favorable environment for businesspersons was released on Monday by the Communist Party of China Central Committee and the State Council.

China's economy is transitioning from a high-speed growth stage to a high-quality development phase.

China's counterparts may face adjustment in their prices after Tesla produces its models in Shanghai. Tesla has become an object for reference, not only in pricing, but also in the level of intelligence and convenience for the in-vehicle system, a practitioner at the new energy vehicle industry said.

China's most-wanted graft fugitive, Yang Xiuzhu, who had been on the run for 13 years, stood trial on Friday at a court in Zhejiang province.

China's industrial output growth may slow in October and investment growth may also be affected by the property market restrictive measures, Zhong said.