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China is the world's largest market for new energy autos, with around 1.7 million such vehicles on its road as of the end of 2017, according to statistics from the China Association of Automobile Manufacturers.

China has unveiled a range of measures including an aid package to speed up the economic recovery from the coronavirus outbreak, as it seeks to tackle the crisis and challenges resulting from the global COVID-19 pandemic.

China is expected to ease entry thresholds and enlarge business scopes for foreign players to deepen opening-up efforts, he said.

China is the biggest market for Tesla outside the United States. "With the talent base in Beijing, we plan to conduct further cooperation with the municipal government, research institutes and colleges and universities," said Ren Yuxiang, vice president and head for the Asia Pacific.

China has the world's longest high-speed rail network, with 22,000 km currently in operation. About one-third of the country's high-speed railways were designed to run at a speed of 350 km per hour.