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"Customers want smart cars for a smart world, and Chinese customers are quick to embrace new technologies and electric cars are going to be a preferred choice," the executive chairman said.

"Chinese President Xi Jinping's speech at the 2017 World Economic Forum at Davos is very important. He spoke very much in favor of globalization, cross-border cooperation, and about addressing shared problems. This is good for China's soft power," Dube said.

"China's push to upgrade its sprawling manufacturing sector could bring new opportunities to foreign companies and more efforts will be made to create an open and transparent business environment for them to invest and do business in China," Miao said.

"Compared with the United States and Europe, whose online travel market is growing at 45 percent to 50 per-cent annually, we still have big growth potential," he said. "Therefore, the new policy is not a big threat to online travel agencies like ly.com."

"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.