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China will develop next-generation information networks and expand 5G applications, as well as build more new energy vehicle charging facilities and promote wider use of new energy automobiles, said the report.

China will impose a 25 percent tariff on billion in imports of goods from the United States on Aug 23, the latest countermeasure to defend its legitimate interests and the multilateral trading system, the Ministry of Commerce announced late on Wednesday.

China's GDP growth eased to 6.5 percent year-on-year in the third quarter, according to data released by the National Bureau of Statistics. In the first three quarters, the country saw GDP growth of 6.7 percent.

China will step up efforts to improve water conservation infrastructure such as farmland irrigation facilities in poverty-stricken areas in 2020, and push for the construction of key water conservation projects, the minister said.

China will loosen its restrictions for foreign shares in the banking, security, insurance and automobile industries in China, Premier Li Keqiang told a group of business leaders from both China and Germany on Thursday.