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China-made Tesla Model 3 electric vehicles are seen at the gigafactory of electric car maker Tesla Inc in Shanghai, Dec 2, 2019. [Photo/Agencies]

China's top legislature called upon governments at all levels on Monday to strengthen copyright protection by creating an information-sharing system for administrations and judicial authorities, along with a blacklist of violators.

Chinese State Councilor and Foreign Minister Wang Yi (L) and French Foreign Minister Jean-Yves Le Drian hold a press conference after a meeting in Paris, France, May 16, 2018. [Photo/Xinhua]

China's total foreign reserves dropped slightly by billion last year from .14 trillion at the end of 2017. During the past year, the onshore renminbi weakened by 5.3 percent against the US dollar due to extended fluctuations in the global exchange rate market.

China's vast and rapidly growing market has been the biggest driving force for the BMW Group to accelerate its localization.