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"China and Bulgaria have maintained healthy business ties, especially in the energy and agriculture sectors," said Emil Karanikolov, the economy minister of Bulgaria. "But we don't want to stop there because we can have more possibilities. We want to attract more goods and improve the infrastructure for logistics and communication." According to Commerce Ministry data, the trading volume between China and 16 CEE countries reached .98 billion in 2017, up 15.9 percent year-on-year. China exported goods worth .4 billion and imported products worth .5 billion from CEE countries during the period, up 13.1 percent and 24 percent respectively, compared to 2016.

"Car buyers should not have unrealistic expectations for price reductions, and they should make reasonable choices according to their needs and purchasing ability," Cui added.

"China also needs to accumulate more technologies and practical solutions to produce batteries for electric vehicles in a cheaper way and handle old batteries in a sustainable way," he said.

"China is now becoming a country that's more of an innovator rather a country that relies on the technology of other nations, so that is a very good sign," said Edwin Maher, a visiting professor of journalism studies at the Communication University of China.

"By attending the CIIE for two years in a row, I have come to understand better that China is being more open to the world. Chinese companies should thus further explore the global market and look for better quality products from all over the world so that we can truly seek long-term development by narrowing down the gap and actively taking part in global competition," she said.