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"Chinese companies, especially private enterprises and SMEs, should not be anxious or impatient. Opportunities still outweigh challenges for Chinese manufacturers to go global in the post-COVID-19 period."

"China remains a critical market for European companies, dispelling the notion of economic decoupling," said Mats Harborn, president of the chamber.

"China's automobile service sector is at an important turning point, and new consumer market opportunities and new consumer powers are taking shape. In the past three years, we have been striving to build the infrastructure to suit the new market, formulate new product and service standards, and realize industrial restructuring and upgrades in the form of New Retail."

"Competitive design and technologies are just the beginning," Dubroeucq said. "The major challenge stays to win market trust from their safe, reliable and efficient operation."

"Consumers will ultimately pay the unintended consequences of tariffs, and some workers will be hurt by this," he added. "Trump's tariffs combined with retaliatory actions by China put at risk 134,000 American jobs; according to a CTA and National Retail Federation study, four jobs will be lost for every job gained."