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China sold 800,000 cars overseas last year, a meager 3 percent of what it sold in the domestic market.

China sold 28.08 million autos last year, down 2.76 percent year-on-year, remaining the world's largest auto market, data from the China Association of Automobile Manufacturers (CAAM) showed.

China plans to eliminate 100 million to 150 million tonnes of crude steel capacity and 500 million tonnes of coal in the five years from 2016.

China will continue proactively attracting foreign investment and safeguarding the legitimate interests of foreign-invested businesses as part of an effort to shore up the economy, the top leadership of the Communist Party of China decided on Wednesday.

China launched Venezuela's second remote-sensing satellite, VRSS-2, into space on Monday.