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"Chinese consumers are realistic, and they have very clear expectations about how they see electric vehicles in their daily lives, as well as in wider society," said Yale Zhang, managing director of consulting firm Automotive Foresight in Shanghai.

"China right now is our fifth-largest market," he said, noting that the biggest challenge facing US exporters to China "is a lack of cold chain infrastructure-shipping, storing and serving the beer cold," Pease said.

"Collaborations like this are very critical, because together we'll be able to get there faster," said Hua. "I think American startups certainly should be going to China to exploit the opportunities to get funding or partnerships."

"China's app economy is accelerating in growth, putting it within striking distance of Japan and the United States," Bertrand Schmitt, CEO and co-founder of App Annie said.

"Considering that the economic fallout reflects particularly acute shocks in specific sectors, policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to help affected households and businesses.