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"China's current public debt level, by our definition, which is a broad definition, is still moderate in an international context," said Alfred Schipke, the IMF's senior resident representative for China.

"China's new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the commitment of the Chinese government to further protect foreign investments in China," he said.

"China sales account for 6 percent of our total revenue, and we hope to increase the figure to 15 percent in the near future," said Pharoah, adding that consumers are evolving with individual demands.

"Chinese companies may overlook the regulatory and compliance complications of investing in the country. These include an intricate tax regime and stringent rules around employment and data protection."

"Customers or the watchdog will spend a very long period in reality to verify the recall's effectiveness, and now the carmaker needs to give us essential information to build our confidence." The current recall plan has been refined and upgraded in the past 75 days after the top quality watchdog rejected the automaker's initial recall plan proposed on March 1.