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China's gigantic car market, which had been in the fast lane for years, is now hitting speed bumps, yet the country's leading industry association said it remains cautiously optimistic about the market this year.

China's early-years English language learning market will see "considerable" growth, both online and offline, as the younger generation of parents favor educational products that are high-quality and ability-oriented, according to an industry insider.

China's major industrial companies gained 658.29 billion yuan ( billion) of profits in June, up by 20 percent year-on-year, compared with 21.1 percent growth in May, data from the National Bureau of Statistics showed on Friday.

China's growing influence can be applied through the initiative to help other countries work through their differences and foster the development of free trade and investment, Kim told China Daily on the sidelines of the ongoing Belt and Road Forum for International Cooperation in Beijing.

China's national broadcaster China National Radio further reported that, citing witness statement, one of the women narrowly escaped during the turmoil when the kidnappers fired warning shots into the air to scare passers-by before taking the remaining pair away.