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As a matter of fact, the entry policies in these sectors target both foreign firms and domestic businesses alike. On the other hand, subsidies for domestic electric vehicle producers have been significantly reduced to create a fairer environment for foreign investment.

As a super-large State-owned enterprise, the SGCC is responsible for constructing and operating power grids with a mission to provide a safer, cleaner, and more economical and sustainable power supply, which is crucial to China's energy security and economic lifeline.

As Wuhan resumes business and production, the express delivery and logistics sectors have seen rapid growth, with some even surpassing the volume during the Singles Day shopping gala, Changjiang Daily reported.

As a key financial center, Shanghai further opened up its financial sector with a series of new regulations. The total turnover of financial markets in 2019 in Shanghai rose 17.5 percent to 1,933 trillion yuan (about 0 trillion), and the e-commerce gross merchandise volume increased by 14.5 percent.

As a graduate in mechanical and electrical engineering at a local vocational school, Weng Zhanxuan said most of his classmates now work for vehicle companies and earn 10,000 yuan (,450) a month, five times his salary.