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"Foreign institutions' willingness to operate in China should be much stronger after the removal of ownership caps, which used to be the major factor contributing to their lagging development in China," said Zhang Deli, chief macroeconomic researcher at Yuekai Securities in Guangdong province.

"Following the ID.3, this is already the second model based on the modular electric drive matrix," said Ralf Brandstaetter, chief executive officer of the Volkswagen brand. MEB is a modular car platform designed purely for electric vehicles from Volkswagen.

"For Airbnb, China is the only market that has its own product team apart from North America. We are also a separate business unit that makes its own decisions and has a financial budget, which is almost like an independent company," Peng said.

"Further studies must be conducted to make these 31 measures easy to understand and easy to implement. The relevant government authorities should also supervise the implementation of the new policies, identify problems and make timely adjustments," he said.

"GAC Honda will purchase a 100 percent stake in Honda Automobile China from the public market and via equity transfer agreements, and will rebuild and upgrade the automobile manufacturer through self-financing," GAC Honda announced in a filing to the Shanghai Stock Exchange on Dec 15.