Dieter Zetsche, chairman of German automaker Daimler AG, said: "Over the years, I've witnessed great development and changes in China's society, economy and, of course, in its automotive industry. This is a reflection of the great achievements China has made since reform and opening-up started."

He added that the country boasts his company's youngest customer base, which is very open to new ideas and innovative technologies.

Zetsche said Daimler remained confident in and committed to the long-term development of China's economy.

"We will continue to help shape the transformation of mobility in the country," he said.