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China will strengthen supervision of intermediaries in private financing, enhance crackdown efforts against fraudulent advertisements and improve the legal system to guard against illegal financing, said Yang.

China's State-owned FAW Group is planning to invest 210 billion yuan (.4 billion) in its Hongqi brand's research and development, as part of the effort to make it a globally renowned premium brand.

China's adoption of internet technologies in court filings is a "fantastic development" that in part drives the country's "massive improvements" in intellectual property protection, according to a senior company executive representing the Peppa Pig brand and its related trademarks.

China's airliners served about 54.5 million passengers last month, up 8.7 percent year-on-year, 4.1 percentage points higher than April, data from the Civil Aviation Administration of China (CAAC) showed.

China will continue to support the peace process in South Sudan and work with South Sudan to implement the important consensus reached by the two heads of state and the outcomes of the Beijing summit, so as to push forward the bilateral ties to a new stage, he said.