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China's railway will also adjust its operating plan from July 1, the second time this year. Weekends will have an additional 386 trains. During peak hours, 728 trains will be added. The purpose is to balance supply with demand, to fulfill the different needs during weekdays, weekends, long weekends, summer vacations and the Spring Festival travel rush.

China's rapid urbanization and economic development have generated a substantial increase in the production and utilization of motor vehicles in the country, said Christine Engstrom, director of the ADB's private sector financial institutions division.

China's purchasing managers index for the manufacturing sector rose to 52.1 this month, the highest level of the year, indicating recovery in the sector is speeding, the National Bureau of Statistics said on Monday.

China-Israel trade exceeded billion in 2017, up 15.6 percent from a year ago, according to the figures issued by the Chinese embassy in Israel.

China's rapid improvement in easing business procedures has been lauded in a separate report from global professional services provider TMF Group. It said China is one of the most appealing investment destinations for foreign investors despite the ongoing novel coronavirus epidemic and mounting downside pressure.