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"China is the biggest single market in the world," said Francis Sum, president of China with Volvo Construction Equipment.

"China is not only the largest market for Porsche, but also the market that has the biggest increase," the CEO noted. As of now, Porsche operates 116 sales outlets in China, of which 14 were newly established last year. Two more new dealer stores are scheduled to be founded in China this year.

"But that does not mean demand will be wiped out, it is just a temporary delay," Wang said.

"CARS has formed strong online capability at the initial stage. Now, it is laying its emphasis offline. We expect its development in the New Retail area," he said.

"China is willing to share with the Central and Eastern European countries, whose energy consumption is still dominated by oil and gas and is largely dependent on imports," Xu said.