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China will take targeted measures to further boost employment, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.

China will enhance international cooperation and expand the global resource allocation capacity of commercial space technologies and products. The nation aims to provide more commercial space services to global users, especially to countries along the Belt and Road. The forum also offers an important platform for international exchange and cooperation in the space industry, Fu said.

China's central bank followed the Fed's rate hikes to lift the open market operation interest rate twice, in March and December last year, respectively. The moves were targeted to keep a relatively stable interest rate spread between the two countries and maintain a stable Chinese currency. It stood pat in June after the Fed's second hike this year.

China will phase in opening up of bank card clearing, remove restrictions on the operation scope of insurance agencies, and ease or cancel limits on foreign holdings in companies in banking, securities, funds, futures, and financial asset management.

China's breakaway performance, which accounted for an astonishing 47 percent of Audi's global sales, was however one of the carmaker's few sales highlights internationally.