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China is Mongolia's largest trade partner and a major foreign investor. Bilateral trade grew 36 percent to reach 6.7 billion U.S. dollars in 2017, accounting for 63 percent of Mongolia's total trade. The two sides have upped the ante, raising the target to 10 billion dollars by 2020.

China is the world's largest market for electric cars and at the heart of this new energy drive is the lithium battery.

China has suspended its large-scale monetary easing, as the economy is recovering, and shifted to innovative monetary measures to channel funds into weak sectors in a more targeted way, while guarding against financial risks, policy analysts said on Tuesday.

China is planning to realize the mass production of vehicles capable of conditional autonomous driving and commercialization of highly autonomous vehicles in certain circumstances by 2025, according to a blueprint issued by the National Development and Reform Commission, the Ministry of Industry and Information Technology and nine other ministries.

China has seen a boom in industrial robots in recent years, recording average annual sales growth of 35 percent. In 2016, China manufactured 72,000 industrial robots, around a quarter of global output.