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China's auto sales fell 16.9 percent year-on-year to 10.26 million in the first six months of 2020, according to the China Automobile Manufacturers Association.

China will support and safeguard multilateral trade and advocate facilitated investment and liberal trade against the backdrop of the complicated and changing international context, Li said. He added that China will press ahead with reform and open its door even wider, and lend more efforts to maintaining steady and improving economic growth.

China will implement 50 agricultural assistance programs, provide 1 billion yuan (4 million) of emergency humanitarian food assistance to African countries affected by natural disasters, send 500 senior agriculture experts to Africa and train entrepreneurs in agribusiness.

China will impose tighter regulations on online small lending offered by microloan companies to prevent risks, ensure legitimate interests of customers, and promote the healthy development of such business.

China's GDP growth reached a faster-than-expected 6.9 percent year-on-year in the first half. Meanwhile, authorities have tightened checks of dubious overseas investment projects in some sectors, such as real estate, hotel and sports, which has helped reduce abnormal outflows of capital.