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"But we're going to move on after that," Pollock added, according to The News-Gazette. "You have to go into the next phase of the trial."

"By further expanding the opening-up and forging a level playing market environment, it will help to ensure sufficient competition, optimize equity structure and regulating shareholders' behavior," Guo said.

"China is one of the most important markets for the company, with a double-digit growth rate during the past 10 years, thanks to the country's economic growth," said Lin Liangqi, president of AkzoNobel China, the local unit.

"China is playing an ever significant role in the global market for AkzoNobel, and has become the second biggest strategic market for AkzoNobel," said Luo.

"China Unicom's rich infrastructure resources and partner ecosystem will also help these new investors speed up their business expansion and penetration in different areas, including cloud computing, artificial intelligence and the internet of things, Dai added.