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"From a micro and macro perspective, I think it has to do with the emancipations of productivity in a sort of growth of China," he said. "When a country has grown in a double-digital manner for the past two decades, what it basically means again from an economic perspective, you have a great demand that is so upgraded by the State owner."

"For some irregularities in the history of some private enterprises, (we) should see the problem in the light of the development and follow the principle of 'crimes and punishment stipulated by law' and the principle of 'innocent until proved guilty', so that entrepreneurs can unload their mental burden and move on," Xi said.

"Given the tough situation today, we need remind ourselves that never say never. Looking back at how the US-China relationship has grown, individual effort can't be underestimated. Public diplomacy, like ping-pong diplomacy, could play a great role when first-tier diplomacy is in jeopardy," Hong said.

"For the first time, China's fossil fuel vehicles sales dropped in 2018. The proportion of new energy vehicles in total vehicles sales increased dramatically, reaching about 4.5 percent in 2018," he noted.

"Future smart vehicles must be fully electric. There are two key things that have to be improved, which are the battery technology and the electric and electronic architecture," said Yan Feng, chief technology officer at VM Motor.