China's Ministry of Commerce defended its duties on imported auto parts on Friday and expressed "regret" over the World Trade Organization's decision to launch a panel to oversee the issue.

The massive Three Gorges Project, the world's largest hydropower plant, had generated 138.3 billion kilowatt-hours (kwh) of electricity as of 9:00 a.m. Sunday, according to an official in charge of the project. The electricity generated by the project is used in 15 provinces in central, eastern, southern and southwestern China, greatly easing power shortages in the regions, said the official with the China Three Gorges Project Corporation.

China's foreign exchange reserves will burst the 1 trillion U.S. dollar barrier at the end of October or early November, experts have predicted, triggering discussion across the country.

China will encourage foreign insurance companies to operate in the domestic market, according to a China Insurance Regulatory Commission (CIRC) official.

China and ASEAN leaders are gathering in Nanning for a high-level summit meeting on Monday, with the aim to pursue regional free trade and enhance political mutual trust.

As the third China-ASEAN Expo is drawing near, a Burmese furnisher is busy transporting his rosewood furniture to Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

Fourteen generating units of the Three Gorges Project, the world's largest hydropower plant, have passed a 72-hour full operating capacity test, an official in charge of the project said on Sunday.

As automobile consumption soars, China's auto market will see fierce competition among both domestic and foreign brands in the next few years, said a latest ACNeilsen report.

The price of Kuwaiti crude oil slid to 52.83 U.S. dollars per barrel (dpb) on Friday from previous day's 53.57 dpb, keeping the trend of dropping, Kuwait Petroleum Corporation (KPC) said on Saturday.

China and Indonesia signed a memorandum of understanding (MOU) here on Saturday concerning cooperation in the energy and mineral resources sectors.