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China will step up efforts to broaden market access for foreign investors into its financial sector and to create a predictable and fair business environment for all market players, vice governor of the central bank said on Wednesday.

China's auto market stepped up recovery in May, with both production and sales showing double-digit growths, as per industry data Thursday.

China's GDP growth reached 6.9 percent in the second quarter of this year, and it may ease moderately in the second half, but there would not be any "hard landing", he said. "Economists generally agree that the Chinese economy has dropped to the lower band of the L-shaped trajectory; I think it is still possible that growth may continue to fluctuate and even further drop a little bit, but there would not be the danger of an economic hard landing."

China's Foreign Ministry has said that the Korean Peninsula nuclear issue is in essence a security issue, and its crux is the contradiction between the DPRK and the US.

China's State Grid will invest 2.7 billion yuan (5 million) on 78,000 charging piles, requiring 90,000 tons of copper, it said. "The 550,000 5G stations to be built will add another 20,000 tons of copper demand, and another 40,000 tons will come from ultra-high-voltage power and intercity railways," said Zhu.