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"China is not only the largest single market for the BMW Group worldwide, but also a trendsetter of innovation and future consumer trends," Goller said.

"China places great importance on science, technology and innovation. The country follows an innovation-driven development strategy, encourages entrepreneurship and innovation nationwide and fosters sustained economic development and higher living standards."

"But when prices of companies stop declining and start to rebound, it is a clear sign of bottoming out. As long as these companies are healthy at the financial and operational levels, investors can feel confident to hold a long position on them. In the long run, China's A-share market will pick up slowly but the bullish performance can be expected for about 10 years," he said.

"China is very serious, and we are very serious," Trump said, adding that the tariffs announced "will continue unless we make a trade deal".

"But that accounts for only 5 percent of our revenue, and we expect to double our sales this year in Russia," Ren said.