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China's GDP is expected to expand 5.4 percent year on year in the third quarter, up from 3.2 percent in the second quarter, according to a recent research note by Bank of America Global Research.

China will increase retail prices of gasoline and diesel from Thursday, according to the country's top economic planner.

China will pursue a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.

China's automobile tariffs were significantly reduced to 25 percent by 2006 after its accession to the WTO in 2001, a relatively low rate for a developing economy.

China will help small and medium-sized companies in batches to resume work, as only 30 percent of 2.4 million major SMEs have restarted operations, China's top industry regulator said on Tuesday.