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"Commercial war is not the proper answer to this evolution," he said. "A commercial war ... is not consistent with our mission, with our history, with our current commitments for the global security. At the end of the day, it will destroy jobs, increase prices and the middle class will have to pay for it."

"Customers' demands for vehicles have changed dramatically over the years and Chinese customers are younger and more avant-garde than customers from the European and US markets," said Jochen Goller, president and CEO of BMW Group Region China at the launch event.

"Combining BP's global retail capability, EV charging expertise and experience with Didi's unrivalled mobility service platform, our partnership will aggregate demand and provide high-quality, fast, reliable and safe charging for Didi drivers and the public in China. Didi plays a critical role in expanding the EV sector in China and with its large user base we expect to drive high utilization of charging assets from day one," Erginbilgic said.

"Chinese now consume five times more milk tea than coffee. After the arrival of pearl milk tea to China, coffee has taken a backseat. Bubble tea consumption in particular, continues to rise at a high rate each year. Therefore, the potential is huge," he added.

"Cost reduction measures are an important part of the country's supply-side structural reform and will help effectively raise the vitality of the corporate sector," Pan Jiancheng, an official of the National Bureau of Statistics, told Xinhua.