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"Disruptive ecosystem models are flourishing in regions such as Asia, where consumers are more technology-enabled and where brands are integrating themselves into every aspect of people's daily lives," Wang said.

"Destocking will become harder in lower-tier cities where the process is yet to be completed and which are witnessing more population net outflows," Xie said. "Once the scrutiny process becomes harder, the sales volume will slow."

"During these challenging times, we continued to execute the strategy of building strong local businesses powered in China by Walmart and announced additional investments in China and India focused on positioning the portfolio for growth," said Brett Biggs, chief financial officer.

"FAW-Volkswagen is very optimistic about China. We have seven plants here. So we are hopeful about the growth. We are ready for it," said Jahn.

"Establish conditions that must be met before schools are reopened," said the document. "This will lessen the probability of a new outbreak and boost the confidence of parents, students, and teachers in terms of school safety."