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China will set up a proper pricing mechanism for debt-to-equity swap programs and develop new approaches for swap deals to help ease companies' debt burdens and boost their vitality, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China's Ministry of Education released a guideline to urge local authorities to set up more public kindergartens and support privately-run ones. Special funds should be allocated to finance preschool education, according to the guideline.

China's ambassador to the UK Liu Xiaoming underscored the dramatic achievement of China's reform and opening-up as he praised Chinese people's unswerving determination and hard efforts to realize national development and rejuvenation after the founding of the PRC, especially during the 40 years of reform and opening-up.

China's Foreign Investment Law will provide legal protection for opening-up at a higher level and further strengthen confidence of foreign investors, senior officials and experts said.

China's car market kept stable growth in the first half of this year, with sales of vehicles reaching 14.07 million — a 5.57 percent year-on-year increase — and output of vehicles expanding to 14.06 million, making for 4.15 percent year-on-year growth, according to Xinhua.