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China's Anta Sports Products Ltd is planning to further expand its business scale in a bid to challenge Nike and Adidas, with a 4.7 billion-euro (.5 billion) approach for one of the world's biggest athletic gear makers.

China's central bank Friday pumped cash into the banking system via reverse repos to maintain liquidity.

China's NEV market recorded rapid growth in recent years, with a total of 777,000 NEVs sold in the Chinese market in 2017, up 53.3 percent year-on-year according to the China Association of Automobile Manufacturers.

China will open up more to the world and learn from other countries' advanced technologies and management experiences, Premier Li Keqiang said on Friday during a meeting with overseas experts in Beijing.

China's auto market has gradually recovered from the coronavirus pandemic with five consecutive months of positive growth. The market is expecting a better performance in the traditional peak months of September and October, according to the latest prediction and statistics released by the China Association of Automobile Manufacturers, which said August sales reached 2.19 million units, up 11.6 percent year-on-year and 3.5 percent month-on-month.