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China's automotive industry is shifting from superfast expansion to slow growth, after the country's car market already reached an immense scale in production and sales volume, the nation's top industry regulator said on Tuesday.

China will put more efforts into improving education, employment and basic research to realize high-quality growth, Premier Li Keqiang said.

China will gradually inject the capital it has pledged to invest in the bank based on its rules of operation, he added.

China will deepen reform of smaller banks to strengthen their risk management capability and to enable financial institutions to better serve the economy, according to a meeting of the national financial authority.

China will further cooperation with northern European countries on developing a green urbanization market in China, aiming to strengthen international coordination and establish green and sustainable development partnerships according to officials from both sides.