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China's automotive market saw its first dip last year since 1990, and the China Association of Automobile Manufacturers expects sales this year to fall by around 5 percent from 2018. That means the country's automotive insurance businesses will also probably see a slowdown in growth.

China's Vice-Premier Wang Yang said, "Although China has run a trade deficit with several countries in the region, we do not engage in trade protection, and we are willing to further expand our imports from these economies to meet diverse needs."

China will play a leading role in the actions to fight climate change, officials said in a media conference during the recent 8th Clean Energy Ministerial (CEM8).

China will need 1,070 regional jets with 70 to 130 seats over the next 20 years, making it the third-largest regional aviation market after the United States and Europe, according to the latest report released on Tuesday by Brazil-based aircraft manufacturer Embraer SA.

China will further cut taxes and fees to support private and smaller firms' financing, said Premier Li Keqiang on Friday.