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"For Mercedes overall, China is a very important market," Dietmar Exler, Mercedes-Benz CEO USA, told China Daily.

"Government at different levels should take the initiative with the big picture in mind, striking a balance between 'enabling' regulation and risk preparedness, in our effort to build a level playing field for all to compete and excel."

"Greater understanding and dialogue at the governmental level always assists companies on large-scale and complex projects and investment," he said.

"Having passed the stage of massive expansion to meet growing demand, the industry is relatively stable in both production and consumption, which opens a window for capable companies to expand, with deal momentum surging in the next few years."

"For businesses, the more they devote to innovation, the greater the risks will be. Thus, it is important to ensure their innovation benefits could be fully protected," he said.