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"Europe is a key market for CATL, and many of our partners are based in Europe," said Matthias Zentgraf, president of CATL's European operations, during the ongoing Frankfurt motor show. "Our new manufacturing plant in Erfurt, Germany, will allow us to combine Germany's industrial tradition and CATL's tradition of innovative battery technology in a strategically central location," he added. The company also showcased its latest cell-to-pack technology at the Frankfurt motor show.

"Essentially that amounts to martial law," he said.

"Even so, the prospects of entering the mainland market are definitely good for overseas insurers because an enormous population still lacks insurance protection," he said.

"Each of them knew that China had to open its door and learn the advanced science, technology and management experiences from the West."

"Despite various uncertainties in the global political environment, Chinese companies are increasingly expanding overseas and global firms are quickly identifying opportunities from the further opening up of China's market," said Liu Bing, co-president of the Beijing-based Hengchang Litong Investment Management.