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And foreign exchange earnings also increased 116.7 percent to 4 million during the same period.

And expected to drive the efforts even further is the new brand image introduced earlier last month in China to express its global brand positioning of "Empower the Drive", launched worldwide in 2016.

And it seems the efforts of the authorities have paid off over the past three years. Yichang's economy has started to recover after huge economic reforms, while the ecology of the Yangtze River is also improving.

And they have been encouraged by famous billionaires, such as Bill Gates and Warren Buffett, the world's second and third wealthiest people, who worry about the country's severe wealth inequality.

Analysts said the equity change will help boost its development in China after 15 years of localized production at its joint venture BMW Brilliance Automotive.