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"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, ruling out that China forces foreign companies to transfer their technology when considering investments in China.

"Cultural exchanges, the best way to promote mutual understanding, are the basis for interconnectivity and cooperation in infrastructure, policy, trade and finance," said Zhou Hanming, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and vice-chairman of the CPPCC Shanghai committee, during an international expo and forum.

"Chinese carmakers cannot rely too much on their joint ventures for profit, which means they have to work harder on their own models. This will help cull the incompetent but cultivate the competitive such as Geely." Zhang said.

"Compared with traditional vehicles, NEVs are better in aspects such as the exemption from restrictions on license plate numbers, the government subsidies, the lower price of electricity versus that of petrol and the particular appeal to environmentalist consumers," said Lin Boqiang, head of China Institute for Studies in Energy Policy at Xiamen University.

"Combined with extensive preclinical research and commercial-scale manufacturing capabilities, COVID-19 S-Trimer is one of the most exciting vaccine programs globally for the current coronavirus pandemic."