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"Consumption has been playing a bigger role in China's economic development while the country is undergoing economic restructuring. The trading hub will cater to the demand of increasingly sophisticated Chinese consumers. It is our hope that we can build the trading hub as the ideal venue for companies to launch new products and into a most influential distribution center for imports and exports,"Zhang said.

"China urges the US side to immediately correct its wrong decision, stop interfering in Hong Kong affairs and China's other internal affairs, and not go further and further down the wrong path," he said.

"Countries around the world are in very different phases of the epidemic. There are certainly places like Europe and the US where the number of cases continues to rapidly increase, while it appears to have stabilized in other parts, including several Asian countries," Sadr said.

"Consumers with more knowledge about cars are more willing to buy second-hand cars as it is more cost-effective," he said, adding that the average age of Kaixin's customers is under 40.

"Currently, we are all partners that work hard to push forward the entire autonomous driving industry," he said, adding the US possesses the most advanced expertise and technology knowhow in this field. "We believe a mutually beneficial relationship will be the driving force and eventually help reshape the way people travel."