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As part of the deal, Nio will establish in Hefei a company in charge of its China operations, including production, research and development and sales. Nio will remain headquartered in Shanghai.

As of March, the zone had seen 3,249 leasing companies registered there with a combined registered capital of up to 544.7 billion yuan. It had leased 1,463 airplanes, 110 engines, 158 vessels and 15 oil drilling platforms.

As part of the efforts to streamline administrative procedures, the Chinese government has been cutting the evidentiary burden of the public by reducing unreasonable certificates required in recent years.

As long as the cost of adding more supervisors does not outweigh the savings from automation－which it shouldn't or they wouldn't automate－the reduction in the price of the final good would spur an increase in demand. If the increase in demand is large enough, it could even expand the number of jobs in factories that automate part, but not all, of their production processes. In this case, the automation leads to a net increase in jobs.

As of Tuesday, 72.8 percent of the surveyed 8,700 major foreign enterprises have a resumption rate of more than 70 percent. The rate grew by 0.9 percentage points compared with last week, according to the ministry.