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"China is not only the largest single market for the BMW Group worldwide, but also a trendsetter of innovation and future consumer trends," Goller said.

"But still, bilateral trade has been growing so fast. It has benefited both countries. As people do more bilateral trade and investment with each other and there is more and closer contact between each other, competition will also increase. This is just a fact," he said.

"But we do believe that our action will provide a meaningful boost to the economy," said Powell. "More specifically, it will support accommodated financial conditions and avoid a tightening of financial conditions which can weigh on activity and will help boost household and business confidence."

"By gathering efforts from experts and enterprises, it promotes the development of AI and new changes in China's economic growth."

"China has been kind to us. We can only show the same favor to them. Stop this Sinophobia," he said.