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Commerce Secretary Wilbur Ross told CNBC in the morning that he expects trade actions between China and the US will likely lead to a negotiated deal.

Competition is on"One of the important meanings of the new rules is promoting competition," said MOC official Hu Jianping. Suning's car market is a good example. "China's automobile market has begun to change, needing new models to promote the upgrading of both products and services," said Liu Donghao, president of the digital company of Suning Commerce Group. The supermarket brought the company more than 3 million yuan (5,000) in car sales revenue and 200,000 yuan in accessories between July 15 and 26. Suning wanted the supermarket to be an open platform to bring convenience to customers, Liu said. "Suning's car supermarket has no intention to race for market share with 4S stores, but to help with their business and expose car brands to consumers via a better channel," he said. Although he played down the coming competition, Suning's planned chain of car markets might be just the beginning of changes motivated by the new regulations. Gome Electric Appliances, a major rival of Suning in China, also unveiled its ambition for the car sales market earlier this year, planning to add a car division to most of its 1,700 stores across the country. If their business model proves to be successful, other companies may soon follow suit, challenging the dominance of 4S shops.

Compared with the original Chinese version, AOV has seen the introduction of some iconic western heroes, including Batman, while retaining some of the most popular Chinese heroes such as Monkey King and the invincible warlord Lyu Bu from the Three Kingdoms period (AD 220-280).

Companies operating electric car charging have also emerged with innovative business models, while favorable government policies have made NEVs cheaper and the licensing procedures simpler, he said.

Companies like DiDi, which has 21 million affiliated drivers, fill a need sparked by changing economies, he noted, citing a recent study that analyzed the growing pool of available drivers.