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"Currently, our assets are the largest among all food traders in the world, and we rank second in terms of revenue and business scale," he said.

"China's fiscal package is modest compared to global peers," said Zhu Haibin, JPMorgan chief China economist. "The important difference is the composition of the fiscal package. China's fiscal package includes a higher share of stimulus component-fiscal support for investment activity that creates new jobs."

"Customers' demands for vehicles have changed dramatically over the years and Chinese customers are younger and more avant-garde than customers from the European and US markets," said Jochen Goller, president and CEO of BMW Group Region China at the launch event.

"Considering total global production capacity, there is a gap between mask supply and demand. In addition to speeding up production and increasing market supply, we also need to improve efficiency of the use of masks and reduce waste," Ou added.

"Chinese products need to be of good value, affordable and highly innovative," he said.