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Bauma China this year has attracted more than 3,340 enterprises from 38 nations and regions. Over the years, Chinese firms' growing dominance of the construction machinery industry is evident. Sixteen years ago, only 20 percent of exhibitors were from China, and the percentage was close to 70 percent during the last session of the exhibition two years ago, according to Stefan Rummel, managing director of fair organizer Messe Munchen.

Baoneng, who now holds a 51 percent stake in Chery's joint venture Qoros, has been investing big in the automotive industry, with a special focus on the booming electric vehicle sector, setting up facilities to build cars and components in the country.

BYD is the world's largest electric vehicle manufacturer, as well as the largest electric bus maker in North America.

Banks and financial institutions should continue with financial system reform, and large lenders should set up inclusive finance divisions by the end of this year, according to Guo Shuqing, chairman of China Securities Regulatory Commission (CSRC).

Based on the analysis of the potential volume of traffic, the characteristics of trips and weather in the upcoming travel rush season, the ministry said maintaining road safety faces tougher challenges this year.