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China's consumer inflation target set for the last year was at 3 percent. The consumer price index rose 2.1 percent year-on-year in 2018, up from 1.6 percent in 2017.

China's largest carmaker SAIC Motor is to offer 10 fuel cell vehicles in five years, aiming to secure a 10 percent share of the country's burgeoning segment by 2025.

China's drive to further open up its aircraft manufacturing sector will be a shot in the arm for both the local industry and foreign companies planning to increase their investments, said the newly appointed China CEO of European aircraft manufacturer Airbus SE.

China's economy is showing strong signs of a rebound after months of slowdown, with industrial profits rising at the fastest pace in eight months in November, the National Bureau of Statistics said on Friday.

China's mobility market is expected to hit a bumpy patch because of increased supervision by the government and rising worries over safety after a passenger was killed by a driver while using the "hitch "service on the platform of major ride-hailing firm Didi Chuxing.