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"Chinese consumers are on average 15 to 20 years younger than our European customers. In China, we are especially catering to the millennials. The majority of our Chinese consumers are younger than 35 years," said Langer.

"Comfort, digitalization and e-mobility－they all come together in their demands, they are essential for modern customers," said Ian Robertson, member of the board of management of BMW AG, in his speech at the auto show in Shanghai on Wednesday.

"Customers are likely to make less informed decisions if they do not have hands-on experience with vehicles," said Eileen Ren, vice-president of digital customer experience at JD Power China.

"Chinese businesses will inevitably take on a global leadership role as it participates more closely in this conversation. Yet a variety of barriers must be navigated in order for that leadership to be viewed favorably and with trust," the report said.

"Chinese investors have the ability to add value to our economy, create more jobs and boost our export value. They are certainly welcome," he said addressing hundreds of Chinese investors exhibiting in the event.