Experts and business leaders' take on Central Economic Work Conference

Proper understanding of China's carbon-neutrality goals

The conference also emphasized the phase-out of traditional energy, clean and efficient use of coal, control on the amount and intensity of carbon emissions, as well as establishing a mechanism for pollution control.

Li Bin, founder of NIO - China's new energy vehicle manufacturer, felt excited about China's low-carbon strategies mentioned in the economic work conference.

"Green and low-carbon push forward the transformation of China's auto industry, and help to increase the sector's international competitiveness," Li said. He expected the deeper integration of new technologies and industry, which would create more growth momentum in the future.

Ligao New Energy Technology Co Ltd, a power system provider for EV based in Anhui province, saw its business boom this year while the company was still in trouble of cash flow pressure.

Wang Hanchao, founder of Ligao, said he has clearly seen increasing support from banks and other financial institutions for innovative SMEs this year.

"The move will encourage more production resources to flow into high-tech enterprises and give us more confidence," Wang said, "and the company will increase R&D investment in smart energy, energy storage and other fields, accelerate the localization of key areas and upgrade the modernization of the industrial chain."