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Carmakers are using the program to push sales of mixed combustion engine-electric or battery-powered models with additional incentives. Audi will double its share in an existing green-car bonus, offering an extra 1,500-euro incentive on the purchase of a plug-in hybrid.

Chang Hao, Yutong's deputy general manager of international business, said: "The E10 model was developed based on local needs around the specification and user experience. It will give us a strong foothold to compete in the UK market. Many bus operators in London and other major English cities have already booked to try the new vehicle."

Central banks of many major economies have eased monetary policy via cuts in interest rates and unconventional measures such as purchasing government bonds, to help the functioning of markets. The People's Bank of China has remained relatively cautious by leaving policy space that will allow banks to strengthen capital and liquidity buffers to increase credit for smaller firms.

Cao said the region has been improving its business environment for foreign investment, which has yielded fruitful results last year. This included the launch of the 13 billion yuan (.89 billion) FAW-Volkswagen Audi Q plant in Changchun, the .5 billion factory of Intel in Dalian and the 30 billion yuan plant of BMW Brilliance Automobile in Shenyang.

Carrefour has been continuously making efforts to improve its Chinese venture's performance, including revamping stores, introducing its convenience store format Easy Carrefour, as well as its own e-commerce channel in the past few years. However, the company has still found it challenging to rival the combination of leading traditional retailers and online players in the market.