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Chinese companies that are industry leaders have an increasing need to allocate resources and assets on a global level, and quick M&A approvals, especially removal of unnecessary administrative procedures, will help safeguard business secrets, and facilitate the implementation of international strategies, Song said.

Chinese carmakers are revving up their efforts as well. BYD's Song Max, which was launched in late 2017, has proved successful, seizing a top three spot on the list of MPV sales in August. Geely is expected to introduce its first MPV in the fourth quarter this year.

Chinese groups said Breed promised to support their demands that marijuana stores should not be open in the Chinese community or within 1,000 feet of schools.

Chinese exit and entry departments will continue to provide convenient services to citizens returning to China, although some countries or regions are prohibiting the entry or departure of people from the key outbreak areas of the novel coronavirus on the Chinese mainland, said the National Immigration Administration on Monday.

Chinese businesses must fully respect the human rights of local employees and business partners when operating in countries taking part in the initiative so that it can be sustainable, said Xu Yawen, a law professor at Wuhan University, in Hubei province.