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China plans to build a national pricing system by the end of 2020 to encourage a reduction in pollution by putting a price on pollutants in a variety of sectors, including water contaminants and carbon emissions, according to the nation's top economic regulator.

China stands ready to work with fellow SCO members to implement the Qingdao Declaration, the Outline for the Implementation of the Treaty on Long-term Good Neighborliness, Friendship and Cooperation and other SCO documents, promote greater synergy of development strategies, and strengthen policy communication and coordination. With greater unity and more efficient cooperation, the SCO will play a bigger role in promoting peace and stability in the region and common development of all countries. In this connection, I propose we make efforts in the following areas.

China started to finance the segment in 2009 and billions of yuan have since been spent. It is cutting the amount of subsidies and plans to withdraw the subsidies by the end of 2020.

China still has the potential to become the world's largest market for autonomous vehicles, according to consulting firm McKinsey. It estimates that such vehicles will make up more than 40 percent of new vehicle sales in the largest auto market by 2040.

China released a master plan for the development of the free trade port on June 1. It provided a long list of opening-up policies aimed at building Hainan Island into a globally influential free trade zone by mid-century. Hainan is about 49 times the area of Singapore.