China's auto industry posted a 63.87 percent profit growth year-on-year to reach 22.004 billion yuan during January-August period, outpacing the 29.87 percent growth in sales revenue.

The China-IEA Petroleum Security Workshop, hosted by the National Development and Reform Commission and the International Energy Agency (IEA), was held in Beijing on October 30 and 31. At the workshop it was agreed that first phase of the construction of national oil storage bases is proceeding smoothly.

Another nuclear power plant will be built on the East China coast by 2015, according to a spokesman from the Nuclear Engineering and Construction (Group) Corporation (CNECC).

The trading volume of China's futures market surged to 16.9 trillion yuan (2.1 trillion U.S. dollars) in the first 10 months of this year, up 56.27 percent on last year, according to the latest statistics released by China Futures Association (CFA).

China's central bank has removed the country's former statistics chief Qiu Xiaohua from its monetary policy consulting body, said the General Office of the State Council, or China's cabinet, on Wednesday.

The Zhejiang Geely Holding Group plans to jointly establish a factory with a local car maker near Jakarta, capital of Indonesia for assembling Geely cars and will sell them in ASEAN countries in near future.

Bad loans at the Agricultural Bank of China (ABC), the last major state-owned commercial bank still to list on the stock market, dropped by 2.68 percentage points to 23.49 percent of the loan portfolio in the first three quarters of the year, the bank said.

The People's Bank of China (PBOC), the central bank, said on Wednesday it would draw up regulations to strictly enforce the country's anti-money laundering law "as soon as possible".

The United States is offering about 250 billion U.S. dollars worth of government procurement to Malaysia as the two countries is proceeding with the third round of negotiations of the U.S.-Malaysia Free Trade Agreement (FTA) in Kuala Lumpur on Wednesday.

Egypt and the European Free Trade Association (EFTA) have agreed to establish a free trade zone between the two sides, Egypt's news agency MENA reported on Wednesday.