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China's A-share market closed higher on Monday, with the benchmark Shanghai Composite Index up 4.09 percent to finish at 2654.88 points.

China will promote industrial and consumption upgrading, fully tap into the advantages of its considerable market and give play to the underpinning role of consumption and the pivotal role of investment, according to the annual Central Economic Work Conference held in December.

China's ambassador to the United Kingdom, Liu Xiaoming, has called for closer and stronger cooperation between the UK and China in fighting the novel coronavirus pandemic.

China would like to continue its concerted efforts with France and work with the rest of the world to protect the Earth, the only home of humans, and build a clean and beautiful world, he added.

China's auto sector is faced with chronic problems such as a lack of research input and key technologies, as well as some short-term impacts from cuts in new energy vehicle subsidies and stricter emission standards for traditional petrol-powered cars, Miao said.