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China is also planning to tell local governments to stop offering subsidies, which stand at 50 percent of government subsidies this year, according to Bloomberg.

China has the world's largest e-commerce market, with online retail sales growing 32.2 percent year on year in 2017 to reach 7.2 trillion yuan.

China is paying close attention to the investigation and hopes India will conduct it in a prudent manner and according to relevant regulations, said Wang Hejun, head of the MOC's trade remedy and investigation bureau.

China is undoubtedly a leader in the global switch to new energy vehicles－a market which has attracted the attention of every major auto manufacturer. To transform these challenges into opportunities, a dependable and predictable regulatory framework, data security, protection of intellectual property and open access to the market are needed.

China has set a goal to complete building a "moderately prosperous society" in all respects by 2020, which requires the eradication of poverty.