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As a new comer to the CIIE this year, Thales Group, the French technology company, has showcased its full breadth of different market activities including aerospace, transportation, digital identity and security in one show in Shanghai for the first time.

As a pioneering city in China's reform and opening-up, Shenzhen boasts global competitive advantages in technology research and development, industrialization and international expansion. It is also a key city in China's Guangdong-Hong Kong-Macao Greater Bay Area.

As debts reach maturity dates in the first half of next year, Yan suggested all players in the bond market work together to improve risk evaluation and warning mechanisms and stick to the bottom line of preventing systemic financial risk.

As a country that has benefited hugely from opening up, international trade and investments in the past 40 years, China is now a major champion of globalization. The value of China's foreign trade in 2017 rose 14.2 percent year-on-year to .34 trillion and will only continue to grow.

As consumers gobbled up pricier SUVs, that may have accounted for average transaction prices remaining flat in April. For the industry overall, it stood at ,814, according to Caldwell.