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China and the EU should work on the agreement to reduce tariff and nontariff barriers to promote trade and openness, he added.

China allowed local governments to arrange road tests for intelligent connected vehicles (ICVs), which cover different degrees of autonomous driving, in April 2018. An increasing number of cities, including Beijing, Shanghai and Chongqing, have issued license plates for road tests of ICVs.

China and Sri Lanka join to create 'pearl of Indian Ocean'

China Construction Bank Corp, the country's second largest State-owned commercial lender by assets, is currently providing a few such products on its mobile banking app. A three-year deposit for a group of two people, for instance, offers an annual interest rate of 3.8 percent, and each person should deposit a minimum of 20,000 yuan (,823).

China Unicom and China Telecom, respectively the nation's second-and third-largest telecom operator, said they would join hands to build 250,000 5G base stations in the first three quarters of this year, finishing the year-end target in advance.