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China is taking more steps in the coming months to further open its financial markets to overseas investors, despite disruptions from the COVID-19 epidemic and changes in the external environment, officials and experts said.

China has seen an influx of NEV carmakers since it started subsidizing green cars in 2010. The government expects annual NEV output to hit 2 million in 2020.

China is moving toward an economy boosted by consumer spending, innovation and services, reducing reliance on investment and exports of low value-added goods, all helped by stronger efforts in innovation and research.

China has the largest number of internet users and is the world's top e-commerce and mobile payment market by transaction volume, according to the Global Internet Development Index, published during the 4th World Internet Conference in Wuzhen, Zhejiang province.

China is planning to realize the mass production of vehicles capable of conditional autonomous driving and commercialization of highly autonomous vehicles in certain circumstances by 2025, according to a blueprint issued by the National Development and Reform Commission, the Ministry of Industry and Information Technology and nine other ministries.