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"China-Brazil ties are permanent. They are both large developing countries with numerous reciprocal and common interests. I see a natural and necessary tendency [toward growth] in all aspects of the relationship," he said. "The common foundation is a world governed by stable rules, by multilateral measures. We share this foundation."

"China will insist openness and cooperation for mutual benefit during the process of promoting global standards. With the Belt and Road Initiative, we hope more Chinese standards can step outside to contribute to world development," he said.

"Competing against the world's best automakers outside of China is the best way for GAC or other Chinese automakers to improve the quality and performance of the vehicles they make and gain better access to advanced technology from global suppliers," he said.

"China's car sector is yet to reach its peak, so it is normal to see some fluctuations as it evolves," said Ye.

"China's efforts to promote the development of 5G networks are proceeding as scheduled. Though the ban on ZTE has led to market concern about a severe negative influence on the telecom industry, the real situation turned out better than we had expected," Essence Securities said in a research note.