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China supports its companies to invest in New Zealand and Li called on the Oceania country to offer a fair and transparent business environment. New Zealand companies are welcome to invest in China and strengthen technological cooperation, based on strict intellectual property rights protection, Li said.

China played an important role in Valeo's business due to the rapid development of new energy cars and self-driving vehicles in the country.

China should be fully prepared to fight a long battle in order to win the opportunity of further development in the future, Tong said.

China on Thursday demanded the United States stop advancing a Hong Kong-related bill and its interference in Hong Kong affairs on Thursday, after US lawmakers held a news conference to back the bill.

China will allow full foreign ownership of securities companies, futures businesses and life insurance companies by 2020, and will broaden market access for foreign investment in sectors such as telecommunications services and transportation, he said.