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"China has done a fairly good job at controlling the virus and its recovery. Other markets are still catching up with their own recovery efforts," said Margulies.

"Charging piles are important infrastructure to safeguard the development of the NEV industry. The investment plays a leading role in boosting NEV consumption during the crucial time of promoting work resumption and restoring economic and social order," National Energy Administration chief economist Guo Zhi said.

"CIIE is a great opportunity for the company to demonstrate our technology leadership to a broader audience," said Su Hua, president of Infineon Technologies China. Infineon is a semiconductor company based in Germany.

"But, over the next decade, the Chinese stock market will offer more investment opportunities than the housing market", as excessive money supply－the major driver of property prices in the past decade－will not continue.

"Chairman Grassley has bent over backwards to make this happen," Senator Lindsey Graham, one of the committee Republicans, said on "Fox News Sunday."