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"China is of high importance to the BMW Group, both as a market and as a location for production and innovation," said Milan Nedeljkovic, member of the board of management of BMW AG.

"China and Europe's cooperation on big data will be promising and the two sides should jointly build a better global digital community," Gambardella added.

"China is great with building hardware very quickly and at a very low price. And China has a great infrastructure in building IoT, hardware solutions and automation," he said.

"By working with the host countries, we have already begun to issue early warning information regarding national trade and investment credit risks and a legal policy service guide, as well as help companies understand and pre-examine the actual situation, to effectively avoid and properly respond to potential business risks and policy changes," he said.

"But the government is also striking a delicate balance between innovation and risk. When it comes to the financial system, it is extremely careful about systemic risk."