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"Ford is committed to developing smarter, greener mobility solutions for the future, and our team in China will be at the forefront of this innovation," said Trevor Worthington, vice-president of Ford Asia Pacific responsible for product development.

"For the short run, the bid winners in the pilot procurement will see their net profit increase next year. Not only will their market shares go up, but the profit contribution per drug will also increase," noted a report from Ping An Securities Co Ltd.

"Fulfilling China's WTO (World Trade Organization) commitments has never been the end point of its opening-up," said Wang, who is also China's deputy international trade representative, at a media briefing at the WTO headquarters in Geneva.

"Great breakthroughs have been made in key technologies, such as visible light communication, new energy vehicles and high-end mining machines," Chen said, adding that the added value of the province's high-tech industries rose by 11.2 percent last year.

"Going forward, from bike-sharing to general transportation, we will welcome harder tasks, more ambitious missions, and challenges with a higher level of difficulty," said company CEO Yang Lei in a letter to employees.