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China will work with other members to promote its development including developing a five-year outline for the implementation of the treaty on long-term good neighborliness, friendship and cooperation, concluding or ratifying a number of resolutions or documents concerning security, economic, environmental and cultural cooperation, and advancing Belt and Road projects in SCO member states, the minister said.

China will firmly expand domestic demand, optimize the pattern of the distribution of income, enlarge the middle-income group, and promote the deep integration of online and offline consumption. It will also cultivate new consumption demonstration cities, deepen the reform of deregulation, and accelerate the establishment of an oversight system that meets the requirements of the healthy development of modern consumption, Chang added.

China will promote price policies that are beneficial to green development, bring ecology environment costs in line with economic operation costs, and drive more social capital into environmental protection.

China will further improve its business environment by halving the time required to start an enterprise and launch construction projects.[Photo/VCG]

China's automotive industry is suffering from a downturn in the overall vehicle market, with two-thirds of the country's listed carmakers seeing falling profit in the first half of the year.