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China's auto sales market has dropped continuously for the past three months and vehicle sales last month tumbled 11.55 percent to 2.39 million units compared with September of last year, according to statistics from the China Association of Automobile Manufacturers.

China will provide stronger support for debt-to-equity swaps, promote mixed-ownership reform, and improve policies on business reorganizations and bankruptcy, said a statement released after an executive meeting chaired by Premier Li Keqiang.

China will hold maritime military exercises with ASEAN countries in October in the waters off the city of Zhanjiang, south China's Guangdong Province, said spokesperson Wu Qian, adding that China and the 10 ASEAN countries will all participate in the exercises.

China's GDP growth slowed to 6.3 percent year-on-year in the first half of this year. Consumer price index rose to 2.8 percent in August. The ADB forecast that the whole-year CPI growth will reach 2.6 percent this year, still lower than the country's inflation control target of 3 percent.

China's AI industry is expected to reach billion by 2022, according to a report released Sunday by the Chinese Institute of Electronics.