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China's newly launched cabinet-level committee, in charge of financial stability and reform planning, is expected to take responsibility for coordinating monetary, fiscal and industrial development policies, to better serve the real economy while avoiding conflicts.

China's largest battery manufacturer CATL recently announced cooperation with Baicheng New Energy to establish a joint venture to make inroads into the growing market for charging poles across the country.

China's economy has entered a period featuring medium-high growth rather than fast growth, along with upgraded economic structure and innovation. The changes in the world's second-largest economy are driving demand for skilled workers and entrepreneurs.

China's e-commerce trading volume reached 29.16 trillion yuan (.41 trillion) last year, up 11.7 percent year-on-year, of which the online retail sales increased to 7.18 trillion yuan, with the number of China's online shoppers growing to 533 million, according to data released by the Department of Electronic Commerce and Informatization, Ministry of Commerce in May.

China's leading NEV maker, Nio, achieved a delivery of 10,000 units earlier than both the two rival automakers.