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As a large number of enterprises resume work and production, the logistics of bulk commodity recovered orderly, such as steel, nonferrous metals, construction materials, machinery and mineral products.

As airlines are also required to limit passenger capacity on international flights to under 75 percent, the number of inbound air travelers will plunge from 25,000 to about 4,000 every day during the week, he said.

As a matter of fact, the entry policies in these sectors target both foreign firms and domestic businesses alike. On the other hand, subsidies for domestic electric vehicle producers have been significantly reduced to create a fairer environment for foreign investment.

As a milestone of FAW-VW's development in the new energy vehicle industry, its MEB plant in Foshan, South China's Guangdong province has been completely renovated. Scheduled to come into service this year, the Foshan plant has a capacity to produce 600,000 new energy vehicles per year.

As for the trade spat between the US and China, Sheets of Blue Ridge said that he's generally supportive of Trump's moves, but he added: "I hope our industry doesn't just become a friendly casualty in this dispute. That's my one fear – we will lose some jobs and companies, and in the end nothing has changed (regarding trade)."