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China's auto dealers are likely to face more pressure in June because of weaker demand compounded by the earlier-than-expected adoption of tougher emissions standards in some regions, according to a leading industry association.

China will take over the rotating presidency of the SCO and host the next summit in June 2018.

China's central bank will inject 300 billion yuan (.05 billion) into commercial banks from Thursday to ease liquidity conditions and support lending to small and microsized enterprises, startups and agricultural production.

China will simultaneously press ahead with multiple tasks focused on "standards, research and development, and tests" this year, Zhang Feng, chief engineer of the Ministry of Industry and Information Technology (MIIT), said at a press conference.

China's IC industry has seen an average compound annual growth rate of more than 20 percent. In 2019, the country's IC industry reached a size of more than 700 billion yuan (3.1 billion), up by 15.8 percent year-on-year, said Yang Xudong, an official with the Ministry of Industry and Information Technology.