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Analysts said Yi's comments may help ease financial market panic as a sharp sell-off on Wall Street shook global equity markets, pulling down Asian and European stocks on Thursday.

Analysts said the partnership could help GAC to reach its goals for the next five years unveiled at the Guangzhou auto show that concluded last week.

And she stressed that media reports relating to BT are "not an accurate reflection of the real situation", explaining instead that, because BT already uses Huawei equipment extensively for its radio access networks, BT has a policy of not using Huawei equipment for its core networks, in order to achieve diversification of procurement.

Analysts expect the A-share market to attract record high foreign capital of about 600 billion yuan (.7 billion) or more this year, after its inclusion in major global benchmarks like MSCI, FTSE Russell and S&P Dow Jones.

Angola's ambassador to China said the southern African country of 30 million people is a huge market and keen to welcome more Chinese investors to the country.