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Analysts said under such circumstances China, which has been BMW's largest market for years, will appear even more important for the carmaker.

Analysts said the Trump administration's .5-trillion tax cut and increased government spending have fueled the rapid increase in budget deficits and public debt.

And those who buy new energy vehicles from June 1 to Dec 31 will get a 2,000-yuan (0.63) coupon for charging services.

Andrew Cockburn, head of trade for technology and smart cities at the Department for International Trade, said mentality is a part of the challenge, and bilateral visits will help to alter perceptions.

And CRRC has great cost advantages in product development and production, based on its rich experience in China's large domestic market.