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China's NEV market recorded another year of rapid growth in 2017 as the government continued its strong push for green transport, posing a great challenge to battery recycling.

China will further cut restrictions on foreign investment and address challenges facing foreign companies investing in its market this year, the country’s top commerce official said.

China's car market kept stable growth in the first half of this year, with sales of vehicles reaching 14.07 million — a 5.57 percent year-on-year increase — and output of vehicles expanding to 14.06 million, making for 4.15 percent year-on-year growth, according to Xinhua.

China will equalize foreign investors' equity shares in listed and unlisted securities companies, according to the rules, which also set qualification requirements for overseas shareholders.

China will develop three to five technology trade market hubs, and train 10,000 professional agents for technology transfer.