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China saw a nine-month high for car sales in September, with 2.7 million cars delivered in the month, according to the country's leading industry association.

China represents just over half of total deal value, outside of the US and Western Europe, over that same period, and that growth has been driven overwhelmingly by investment in technology enabled businesses and from venture capital, Ambrose said.

China will beef up pragmatic cooperation with Western countries and encourage them to sign bilateral extradition treaties or agreements on mutual assistance in criminal cases to help combat cross-border organized crime activity, including apprehending fugitives and recovering their ill-gotten assets.

China may see slower overall growth in 2018, according to the forecast by the CASS.

China topped the chart in the last two consecutive fiscal years, 2016-17 and 2015-16, according to the DoI.