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China's NEV market is expected to grow at a compound annual growth rate of 36.1 percent between 2020 and 2025, said the report.

China's 40 years of reform and opening-up are an example of maximizing absolute and comparative advantages by enlarging the market and enhancing the division of labor. China achieved speedy development by boosting the flow of production factors, lowering transaction costs, creating a unified domestic market and opening up to engage in international division of labor and exchanges. In the past four decades, China's trade in goods has soared from .6 billion to trillion, and now ranks first in the world.

China's central SOEs had 9,112 overseas branches by the end of last year, in 185 countries and regions with a total asset volume of about 7 trillion yuan ($ 1.1 trillion).

China' new energy vehicle market saw impressive growth in 2016, with over half a million sales in the year. Why would Chinese customers choose new energy vehicles? What do potential buyers think about these vehicles?

China will forge ahead with all-around opening-up in the financial industry and create a fair environment for competition, ushering more global participants into banking, insurance, securities, asset management and other sectors, Vice-Premier Liu He said on Wednesday.