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"China has removed the quotas on foreign investors' purchases of domestic stocks and bonds through the QFII and RQFII in September, however, quotas were not used in full in the recent past and other reforms, such as the removal of a 10 percent limit for foreign overshore of A shares, which would be more meaningful to foreign investors," said Cantor.

"China looks forward to more communication, coordination and interaction among the various free trade initiatives in the Asia-Pacific region, so that each can play its own and constructive role for less trade protectionism and a more open global economy," he said.

"But while there are many welcome initiatives in this strategy, there is still too much reliance on voluntary measures, and precious little commitment to targets to reduce waste and boost recycling," he added.

"But that means that the market is reaching its bottom. Investors should avoid dumping shares of good companies," Yang said.

"China is determined to make NEVs a success and Volkswagen is determined to make it a success, and I am confident it will happen."