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The group sold more than 3.52 million vehicles from January to June this year, up 10.9 percent year-on-year. Of this, nearly 57,000 units are new energy vehicles, rising 275 percent year-on-year.

The growth uptick in 2017 reflected a combination of unique events, including the stabilization of energy and commodities prices, improved business confidence based on hopes for fiscal stimulus and tax reforms by the Trump administration, a cyclical recovery in Europe, and China's policy-driven growth stimulus.

The group that takes over Anbang will push ahead with Daijia's participation in the restructuring of Anbang to provide health insurance, pension insurance and asset management services to the public. It will also promote the introduction of qualified strategic investors to Anbang, the commission said.

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The greenway project began in 2015. "Before, the road was used mainly by cars and big trucks that made the road bumpy and dusty. Now it has entirely changed," Zhang Lan, who lived by the lake, told Xinhua News Agency.

The grilled perch served on sauteed egg white with balsamic pearls is another modern creation of chef Ma Haocheng infused with the flavors of Shanghai. [Photo provided to China Daily]

The health zones, which will be combined with entertainment venues and hotels, are seen as potential new growth engines for rural areas, with Chinese travelers already showing great interest in ecotourism.

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The guideline also called for accelerated efforts on research and development in the segment. For companies, R&D investment should account for at least 3 percent of total revenue.

The guideline added that supervision and inspection will be stepped up to find and solve problems during implementation.

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The growth has narrowed for five consecutive months.

The growing popularity of mutual funds comes as individual investors in China are becoming increasingly aware of the potential for higher returns on investments managed by institutions, said Hu Lifeng, an analyst with Galaxy Securities.