The officials stressed that this move highlights Beijing's commitment to global economic openness and financial liberalization.
"[The decision] demonstrates China's unwavering determination to promote investment liberalization and facilitation, as well as its responsibility to promote global openness and cooperation," the document reads.
It also provides for lifting the last existing restrictions on foreign investment in the sector, it added.
Meanwhile, several Western countries, including Canada and those from the European Union, are working to impose duties on Chinese-made electric vehicles.