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The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017.

The Chinese mainland is ahead of India and Indonesia in technology and innovation. However, Brazil and Turkey, which according to the report showed great potential in the early 2000s, have lost ground.

The China Banking and Insurance Regulatory Commission (CBIRC) has encouraged banks and other financial institutions to work more vigorously to meet the financing demand of the real economy, in particular, cash-starved private and small firms, agriculture and rural regions, and lagging economic areas including infrastructure.

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The ChiNext Index, which tracks China's NASDAQ-style enterprises, gained 1.48 percent to close at 1,858.01.

The Changde bureau of tourism, foreign and overseas Chinese affairs investigated after receiving complaints about the advertisement on Sina Weibo. It subsequently ordered the agency to remove the ad.

The Chinese mainland resolutely opposes any exchanges between militaries or government officials of the United States and Taiwan, a Chinese mainland spokesman said on Wednesday.

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The Canadian Press on Monday reported that Saudi Arabia is planning to withdraw all Saudi students studying at Canadian universities, colleges and other schools and transfer them to other countries such as Britain and the United States. There are 15,000 Saudi students in Canada on government-funded scholarships, grants and in trainee programs.

The Chinese capital has not seen precipitation of 0.1 mm or more on any of the past 115 days, according to Beijing's climate observatory.

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The China Central Television (CCTV) headquarters (left) is obscured by severe smog in Beijing on Nov 4, 2016. [Photo/VCG]

The Chinese company is keen to invest in the project which requires large land plots adjacent to Khonphapheng Waterfall and its surrounding areas in Siphandone region, some 500 kilometers south of Vientiane.