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China had topped the chart in committing FDI in the last two consecutive fiscal years, 2016-17 and 2015-16, according to the DoI.

China has become a pioneer in developing and applying the latest mobility technologies thanks to the country's huge market demand and efficient implementation, he said.

China firmly supports the publicly owned sector and unwaveringly encourages, supports and guides the development of the nonpublic economy, ensuring equal use of production factors, fair competition in the market and equal protection under the law for all forms of ownership, the statement said.

China has given the green light to Tokyo-based Ueda Yagi Tanshi to establish the first wholly foreign-owned money brokerage in the mainland amid China's efforts to further open up its financial sector to foreign investors.

China has an "obvious strategic vision" in EVs and clean energy transport, said Professor Roger Raufer of energy, resources and environment at the Hopkins-Nanjing Center.