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"China for us is a relatively small part of our business so it really represents a significant opportunity. What we're working on is how to unlock that opportunity for us. So we saw a drop in the Chinese market for the first time in 30 years, something like that, last year. This year, I think they're going to be flat and they'll still be number one in the world," he said.

"China can help the international community overcome several of the major challenges facing the global economy," including providing debt relief to low-income countries and sustainable financing for global infrastructure investment, said IMF First Deputy Managing Director Geoffrey Okamoto, following his policy discussions with Chinese monetary authorities and financial regulators.

"China is the world's largest car consumption market and has huge potential in car consumption finance. We look high to the leading companies like CARS in their abilities of managing both car trades and risk management of big data finance," said Gao Dong, executive vice president at ICBC International Holdings Ltd.

"But, for the most part, prices are negotiated well in advance so many will be incurring a significant blow to their profitability," Mond said.

"China is currently the role model for renewing vitality in automotive markets around the world and it will stabilize Volkswagen Group's business while operations in Europe are still slowly coming back," said Woellenstein.