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China's automotive market will see a year-on-year decline in sales of 3 percent this year, the first of negative growth in 28 years, and sales will be flat next year, officials from the country's leading industry association predicted on Thursday.

China will stop accepting shipments of various types of plastics, unsorted paper, textiles and vanadium slag by the end of this year. The list of banned items will likely grow longer as more types of solid waste are added, a State Council statement indicates.

China will waive income tax for foreign investors trading the country's new crude oil futures contract for three years so as to attract more overseas capital for the launch, the Ministry of Finance said on Tuesday.

China will significantly shorten its negative list for foreign investment, while a negative list will also be drawn up for cross-border trade in services, said the report delivered by Premier Li Keqiang at the opening meeting of the annual national legislative session.

China's FTA approach is also tied to broader goals such as the Belt and Road Initiative to build new trade and infrastructure links across Eurasia, said He Weiwen, deputy director of the Center for China and Globalization in Beijing and a former Commerce Ministry official.