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Changchun, Jilin province-based Northeast Securities holds a more prudent attitude toward the market. "As the trade talks go deep into areas where the divergence of the two parties is more substantial, more uncertainties will disturb the market," it said.

Carlo Ferro, president of the Italian Trade Agency under the ministry of economic development in Italy, said that Italian companies are actively seeking opportunities to gain a bigger market share in China, and are mulling options, such as sales of innovative products or services online, to attract young Chinese buyers.

Carmakers should not care so much about short-term earnings and hastily adjust their car prices, but instead seek long-term development, he added.

Cars on display at the 17th Guangzhou International Automobile Exhibition in Guangzhou, South China's Guangdong province, on Friday. [Photo/VCG]

Che Jun, Party head of the province, said full efforts should be made to search for the missing and ordered related governmental departments to investigate the case to discover as soon as possible why the boat sank to help raise the safety level of sea shipping.