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Chinese Foreign Ministry spokesman Geng Shuang arrives at a press conference at the Foreign Ministry in Beijing on May 9, 2018. [Photo/VCG]

China's shortened negative lists in the mining sector, and the lifting of restrictions on the exploration and development of petroleum and natural gas reserves, represent a rare opportunity that is likely to be utilized to the hilt by energy multinationals such as French oil giant Total, Anglo-Dutch behemoth Royal Dutch Shell, British heavyweight BP and international metals and mining company Eurasian Resources Group, industry experts said.

China, the world's largest auto market, saw strong performance in the new energy vehicle sector in July, with production and sales surging 15.6 percent and 19.3 percent year on year, data from the China Association of Automobile Manufacturers showed.

China's policies and regulations on foreign private asset managers have not changed under a pilot program launched in 2016 that allows global firms to set up wholly foreign-owned enterprises to raise onshore funds and invest in the onshore securities market, according to the official, who spoke on condition of anonymity.

Chinese Premier Li Keqiang also met with Vucic Tuesday. Hailing the Hungary-Serbia railway as an exemplary project in industrial capacity cooperation, Li expected the two sides to seize the good momentum to enhance regional connectivity.