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"China's livestock transition is massive, in terms of its scale and speed," said Bai.

"China will not close the door to the world but will only create more spaces," the official said in a statement. "Since its entry into the WTO, China has kept its promises on tariff cuts and market opening, stood against protectionism, improved protection of property rights, promoted fair competition and pushed forward economic globalization."

"Chinese consumers are more sophisticated and attach more importance to quality and value. They prefer products that are pleasant to the eye, user-friendly, intelligent, and ideally, connected. We made major adjustments to our product lines last year and took steps to shorten the time spent on research and development," he said.

"Combining BP's global retail capability, EV charging expertise and experience with Didi's unrivalled mobility service platform, our partnership will aggregate demand and provide high-quality, fast, reliable and safe charging for Didi drivers and the public in China. Didi plays a critical role in expanding the EV sector in China and with its large user base we expect to drive high utilization of charging assets from day one," Erginbilgic said.

"China's financial opening-up has already drawn a positive market response. This new round of opening-up will forge a level playing market environment for both foreign and domestic firms," Guo said.