The estimation was made as the Foreign Investment Law and its supporting regulations came into force this year, and a new negative list for foreign investment will soon be released, he added.
The downward spiral in China's automotive market did not stop in August. Officials at the country's leading industry organization say it may take two to three years for the market to recover.
The draft revision further separates the use right into the "contract right" and "management right", according to Liu, who regarded it as a positive innovation.
The economic indicators showed the world's second-largest economy expanded at a stable manner in the first two months, the NBS said in a statement.
The domestic social and economic issues stand as the main source of the situation.
The electric carmaker has developed all the product's core parts itself, including the powertrain and the software controlling unit, said CEO Carsten Breitfeld, who was head of BMW's electric car i8, in a previous interview.
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The efforts have paid off. The park has attracted more than 6,000 overseas returnees and 7,000 foreign experts over the past few years. About 500 research centers of leading multinational companies have set up facilities in the park, and another 4,000 technology startups have registered there.
The estimated commercial value of the products involved surpasses 45 million yuan (.7 million), Yan Jun, head of the administration's department in charge of price supervision and countering unfair competition, said at a news conference.
The draft regulation on implementing the Foreign Investment Law, drawn up by the Ministry of Justice and a number of other State Council ministries, was posted online to solicit public opinions.
The escalated violence made me worry about potential bloody incidents waiting to happen, hopefully not on Monday, when protesters called for a city-wide strike and mass rallies in different districts.