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China's new energy vehicle startups are upping their fundraising efforts in preparation for kick-starting production of their models.

China's commercial space sector will eventually take off after a few bumpy launches.

China's exports increased 6 percent to reach 1.32 trillion yuan, while imports surged 30.2 percent to stand at 1.19 trillion yuan in January, according to the General Administration of Customs Thursday.

China's industrial economy has maintained a momentum of steady and sound growth in the first half of the year as industrial output increased 6.9 percent on a year-on-year basis, the best performance in the past three years.

China's latest policies on recycling scrapped motor vehicles are to take effect from September, according to the Ministry of Commerce, and they are expected to help create a market worth a 100 billion yuan (.39 billion) to sustainable development of the automobile industry.