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"China's metal producers are working hard to upgrade their product mix, to gain exposure for high-end products."

"Chinese automakers have the capacity to challenge the dominance of market leaders on the back of economies of scale and they already have an edge with the electric vehicle technology that fits well into the Indian government's vision to become a key global base for electrification," said the report quoting Amit Kaushik, managing director at the consultancy firm Urban Science.

"Chinese investment has created many jobs in the US and contributed significantly to the local economy," Gao said. "We hope the US can engage in more measures that are in line with the law of economic development and conform to the tide of the global economy."

"Compared with the developed countries, there's plenty of room to shorten the negative list," he added.

"China's commitment to reducing its reliance on coal will change lives and improve the environment, and that is why we are investing in a project aligned with that ambitious plan," Jin said in a statement.