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"China is the world's second-largest economy and is already the largest global trading partner for Germany and South Korea. With China becoming a strong import and export market, coupled with rising domestic consumption, there are opportunities for further trade growth with its partners," Huang said.

"China is about 30 percent of the global market for semiconductors," Mike Russo, vice-president of SEMI, an advocacy group, told China Daily. "The industry as a whole and all nations involved benefit from access to markets. Companies re-invest profits in research and leverage new technology. Folks are jockeying for access — no one has sewn it up."

"But some really regret their decision when they get on the swing," said Zhao Zhidan, the project manager.

"China has always been the engine of Volkswagen's success, especially now, as the economy in Europe and the US is under great pressure. In the wake of the pandemic, the Chinese auto market is full of new opportunities," said CEO Herbert Diess in a Sina Weibo post on Wednesday.

"But public concerns still exist because of some irreversible data releases," he said.