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China is striving to push forward green development of transportation through conservation and intensive use of resources while promoting the use of standardized, low-carbon, and modern equipment and energy-saving means in the transport sector, noted the white paper.

China has set a goal to establish a batch of international and national consumption cities within three years, China News Service cited an official as saying Monday.

China has put a ceiling on the amount of local government debt and tied the quota that each local government can receive with their financial strength, current debt risks, and management efficiencies.

China is known for its craving for SUVs, which has been the fastest-growing segment in its automobile industry. Porsche is selling more SUVs than sedans in the country and Bentley's SUV Bentayga is well received too.

China has rolled out 20 measures to stimulate consumer spending such as relaxing car-buying restrictions, encouraging the purchase of new energy vehicles and expanding cross-border e-commerce imports to more cities.