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Li suggested the industry should adhere to the efficient use of both domestic and foreign resources, forming a dual-circulation development pattern to ensure high-quality raw material supplies, as well as improving the pricing mechanisms and raw material financial system of raw materials to reduce the impact of their price fluctuations.

Li made the remarks at a press conference held at the end of the annual meeting of the National People's Congress in Beijing on Tuesday.

Li studied for a master's degree in branding at the London College of Communications from 2012 to 2014, and landed a job in the fashion and design section of a Chinese-language newspaper in the British capital straight after graduation. There, she embraced the United Kingdom's highly-developed fashion, design and printing industry.

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Liao Junxia, a PE fund of funds partner at CreditEase, a Beijing-headquartered fintech company, said: "The STAR Market will add an exit channel for VC and PE firms, which is expected to improve their efficiency."

Li urged financial departments to help with further clarification of the fiscal support policies and with specifying the scope of fund usage. City and county-level authorities should also come up with a list of struggling businesses and individuals while ensuring that the funds are channeled to where they are needed most, he said.

Li said the Chinese government has attached great importance to the protection of intellectual property rights (IPR) and continued to take new measures including greatly improving the upper limit of legal compensation for IPR infringement and intensifying law enforcement.

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Lin Keqing, executive deputy mayor of the capital, said Beijing is about to become the first city to have hosted both the summer and winter Olympic Games as of 2022, and the city will strengthen communication and cooperation with other international cities in many sectors through the opportunities brought by the Games.

Li said over 90 percent of the 90 million people in China who had been listed as impoverished have received support from the government, financially or through various policies.

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Li from Zhaopin said companies should not rely on flexible workers only since long-term workers, who have a deep understanding of the company, are still a necessity for key and professional posts.

Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University, said NEV production in China is on a fast track and in less need of financial support compared with charging infrastructure, although the former still needs further tech breakthroughs to reduce production costs.