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"China will set up six new pilot free trade zones and open a new section of the Shanghai Pilot Free Trade Zone, and will speed up exploration of building a free trade port in Hainan province," Chinese President Xi Jinping said in his speech at the recent G20 summit in the Japanese city of Osaka on June 28.

"Considering the world's largest market's scale, the international carmakers are focusing more on China, so they are empowering the companies in the country," he added.

"China's new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the commitment of the Chinese government to further protect foreign investments in China," he said.

"Compared with the requirements for China's economic and financial development in the new era, there is still huge room for the opening-up of our financial sector to domestic and foreign investment," Yi, governor of the People's Bank of China, said on Tuesday at the 2018 Annual Conference of Financial Street Forum in Beijing. "China will take advantage of the further opening of its financial sector as a crucial way to improve the quality of financial services."

"Chinese consumers are taking note of the benefits of owning an electric vehicle. Today we're seeing a massive opportunity emerging for hybrid vehicles and fully electric vehicles are also growing in popularity," said Olive Zhang, vice-president of Nielsen China.