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"China is the world's largest smartphone market. Samsung's limited presence in China has considerably harmed its business," Xiang said, adding that Samsung's business in India is also heavily affected due to city lockdowns.

"China Electronics Corp has strong advantages in modern digital urban industrial control systems and other related sectors, and Qi An Xin has rich experience in fields including network security solutions, cloud computing and big data. Under the partnership, the two will help better safeguard the network security for the informatization of various industries," Qi said.

"By integrating the advantages of the socialist system and market economy, China can fully unleash the vitality of the market and at the same time ensure stable operation of the economy to avert economic crises," He Zili, a professor at Nankai University School of Economics, wrote in an article.

"By participating in NADA, we hope to speed up the building of our global dealership network. GAC Motor has always insisted on building high-end, world-class products with a craftsman's spirit," Yu said.

"China is not only the largest single market for the BMW Group worldwide, but also a trendsetter of innovation and future consumer trends," Goller said.