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Another bilateral communication between the two sides is a panda-themed cultural exhibition held in Berlin.

Another decision made at the meeting said the procedures that a new firm needs to go through to become initially operational will be further streamlined. The whole business registration process will be conducted online. Government approval of the names of businesses before registration will no longer be needed unless specifically required.

Another survey conducted by The Trade Desk and Forbes Insights on CMOs from global companies in late 2018 showed that 80 percent were planning to increase their investment in China over the next 12-18 months.

Apart from the trade attack it launched against China, the US has also launched a tariff war against the European Union. Although the European Commission, on behalf of the EU, arrived at a temporary truce with the US in 2018, deep contradictions still remain, along with frequent frictions. However, the EU's dependence on the US for its security means it is difficult for it to fight back.

Another bottleneck facing the battery segment is low capacity utilization. According to a report from Shenzhen Gaogong Industry Research Co, the industry's average capacity utilization stood at only 40 percent last year.