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China's new energy vehicle sector started to lose steam from the second half of last year following the latest round of subsidy cuts in late June.

China's foreign trade growth will be backed by a wide range of trading partners and a resilient import and export structure, and a domestic market with growing demand in 2019, despite some uncertainties remaining in the global outlook, said political advisors and legislators from business circles.

China's key innovation trends and challenges around sustainable urbanization, industrial upgrading and economic restructuring provide us with many growth areas. The reality has pushed us to develop and deliver more innovative solutions and related products and services in the country. These will help us address those challenges.

China's gas consumption increased 15 percent year-on year during the first six months of 2018, leading to a 50 percent surge in LNG imports, pushing the figure to a historic high of 24 million tons in the first half of this year.

China's favorable policies in accelerating drug access and encouraging innovation over the past few years have promoted the research and development of new medicines, helping build a healthy drug ecology in the country, a senior executive of Gilead Sciences Inc said.