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"Chinese brands need to improve their core competitiveness as we have few internationally competitive companies. We should attach importance to the problems and actively solve them," he said.

"China's GDP growth in the first quarter of 2017 was 6.9 percent, and our growth in the first quarter was 37 percent," said Zetsche. "None of these numbers make me pessimistic."

"Clearly we are tackling challenges and ramping up our business," Goller said. "Unprecedented crises like this require decisive actions and leadership, and this is precisely what China has demonstrated over the past weeks and months."

"Consumption now contributes more than half of China's economic growth, and the domestic market is growing faster than that of many developed economies," he said.

"Chinese investors have really shifted their investment interests to Australia's hi-tech, high quality health products and services sector in the last three years," Ferguson told Xinhua on Tuesday.