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China has phased out production of 140 million tons of low-quality steel made from scrap metal by the end of June, according to the NBS.
China approved a bond connect program between the mainland and Hong Kong in mid-May, allowing investors from both sides to trade bonds on each other's inter-bank markets.
China has also removed the investment quota limits for QFII and RQFII, and allowed enterprises like American Express, MasterCard and Fitch Ratings to enter the domestic market.
China banned the use of grain for ethanol production in 2007 to ensure sufficient food supply, and biofuel manufacturers have since turned to sweet potatoes, sorghum and straw stalks instead.
China has been the largest and also the fastest-growing market in the world for new energy vehicles since 2015. Statistics from the China Association of Automobile Manufacturers show that 250,000 such cars were sold from January to July, 21.5 percent growth year-on-year.