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China has remained the world's largest new energy vehicle market for three consecutive years, as the country intensified efforts to encourage the use of such vehicles to ease pressure on the environment by offering tax exemptions and discounts for car purchases.

China has vowed that it will not play defense in the escalating trade war, ratcheting up tensions as a new list of items subject to tariffs, including technology and consumer goods was anticipated from Washington.

China hopes to continue working with all related parties to fully and effectively implement the spirit of the Declaration of Conduct in the South China Sea, promote negotiations toward a code of conduct in the region and enhance maritime cooperation, the spokeswoman said.

China is already a significant market for us and will continue to be important. In particular, we see the potential of stronger partnerships with our local clients who are looking to develop their consumer base both locally and globally.

China is also an important pillar of BMW's e-mobility plan. The carmaker said its electric iX3 SUV will go into production this year as scheduled at its plant in Shenyang, Liaoning province.