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China's central bank released more funds into the market, but in a more cautious way than expected, to guide capital into small and private companies instead of broadly easing monetary policy, according to a statement on Wednesday.

China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.

China will work to uphold and improve its basic socialist economic system and promote the high-quality development of the economy, said the milestone document adopted at the fourth plenary session of the 19th Communist Party of China Central Committee.

China will provide greater fiscal support and better protection of intellectual property rights to encourage its leading tech firms to step up research, an official with the country's top industry regulator said on Friday.

China will take legal action under the World Trade Organization (WTO) framework and work with other WTO members to safeguard the stability and authority of the multilateral trade rules, the country's Ministry of Commerce (MOC) said, reiterating China's stance of not wanting or fearing any trade wars.