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China's electric car market, the largest of its kind worldwide, is no short of shooting-to-stardom stories. For instance, the country's largest battery maker, CATL, is merely eight-year-old and it has made onto the supplier list of carmakers from Volkswagen to Toyota and BMW.

China's foreign exchange reserves stood at .1249 trillion at the end of April, lower than the .1428 trillion registered at the end of March, according to the central bank.

China's first research and testing base for unmanned surface vessels will be put into operation by the end of this year, becoming a public technology service platform for marine equipment between Guangdong province and the neighboring Hong Kong and Macao special administrative regions.

China's economic fundamentals will continue to develop for the better in the long run, Geng said, adding that the country will stick to supply-side reform and actively push for the implementation of various measures to make sure its growth remains at the medium-to-high level.

China's economic performance provides a fillip to others, experts say