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"For one thing, the diversified demands of consumers in different regions of China are not sufficiently satisfied. For the other, many consumer markets are decentralized and lacking top products or better services, which suggests more space for companies to explore," Xie said.

"For instance, the average time for trademark registration has been reduced to 14.5 months, which could be the fastest in the world," He said. "Meanwhile, many services related to trademark applications and assignments can be finished online, and the examination procedures have been more transparent."

"For Chinese companies, especially private firms, lack of product originality and gradual loss of cost advantages were the biggest bottlenecks which will greatly hinder their development on the global stage," said Zhou Qiren, a professor at the National School of Development at Peking University.

"From the demand side, the EV (electric vehicle) fleet is growing rapidly. Early adopters to EVs were usually affluent people with private parking garages and private chargers installed. As the EV market expands, more customers do not own their own parking spaces, which creates more demand for public chargers. The rising charger utilization rate will generate better cash flow, which will help investors build more chargers," he said.

"From October, repeated tests on the main line of this project should be conducted before it is put into service in the beginning of 2018.