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China, for its part, is helping speed up things at the Shanghai factory – the country's first fully foreign-owned car plant, a reflection of Beijing's broader shift to open up its auto market.

China's thermal coal futures hit record highs on Monday, with the most-active futures CZCcv1 reaching 679.6 yuan, the highest since the contract began in 2015.

China, as a very huge market, is willing to further open up and will give opportunities to LNG suppliers around the globe, he said, adding that Australia is an important source of LNG for China, and the two sides have a large amount of trade with great potential.

Chinese Consul General in Auckland Xu Erwen noted that the initiative will benefit the world, saying "We believe that the Belt and Road Initiative will be a wonderful stage for international cooperation."

China's top securities watchdog on Tuesday vowed a tougher crackdown on fraudulent initial public offerings following the opening of a trial involving the first Chinese company forced to be delisted from the stock market over IPO fraud.