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"China's system selects very competent, best people in government," said the minister. "And over 35 years, it has uplifted more than 600 million people out of poverty. No country has done that in history, in 35 years."

"Chinese companies, especially SOEs, have been helping develop infrastructure and improve connectivity within ASEAN economies. A large number of industrial parks between them have also contributed to trade and investment cooperation activities," said Zhang Jianping, director-general of the Beijing-based China Center for Regional Economic Cooperation.

"Chinese investors are considering to shift their investment philosophy and focus more on high-tech and innovative companies, corresponding to the country's high-quality development blueprint," said Hu Tianxiang, founder of Shanghai SuXiang Investment Consulting Co Ltd, an investment consulting and asset management company.

"China, the world's largest truck market, is of utmost importance to us and has become one of our important markets for future growth," said Martin Daum, CEO of Daimler Truck.

"Clearly, it's disruptive for us. It's disruptive for our customers," Quincey said on the company's earnings call last week. "But I think the conversations have been about how this is going to work for each and every customer."