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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 two-term governor of the US state of Washington from 1997 to 2005 and United States secretary of commerce from 2009 to 2011, Gary Locke fostered economic relations between his state and China. Then, as US ambassador to China from 2011 to 2014, Locke worked to open markets for US-made goods and services.

As a heart surgeon at the Royal Victoria Hospital in Montreal, Shum-Tim is known for his volunteer work to help patients in remote areas of China.

As for the concept of self-reliance, the Chinese diplomat noted, there has always been self-reliance throughout the 70 years and more since the People's Republic of China was founded in 1949, including the four decades of reform and opening-up.

As a result, the Chinese electric carmakers will have to lower the prices to keep and enhance their product competitiveness, Yu added.