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"China is a market with a population of 1.4 billion and 400 million middle-income earners, and there is a strong demand for consumption upgrade," said Wang Bin, an official at the Ministry of Commerce. "The domestic consumption market is full of potential and it is China's biggest advantage to maintain long-term stable development."

"By expanding our footprint in countries related to the Belt and Road Initiative as well as the European and the United States markets, we will create a high-end brand image to enter the global market as a world-class automaker that excels in research, manufacturing and sales," said Yu.

"China is perhaps the most connected country in the world. We'll be able to look at that trend and try to understand potential opportunities by watching how Chinese consumers change behavior over time," he said.

"Certain departments of Taiwan have denied the truth and confuse right and wrong, only to show they have a guilty conscience," he said.

"Catering enterprises generally don't have much assets in stock－to reserve cash for two-and-a-half months at maximum. That's why continuous revenue plays an important role," he said, adding how long before circumstances improve would determine the survival of many companies in the sector, especially small- and medium-sized firms.