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"Clariant's development will be decided in Asia, especially in China. Innovation is an important carrier for China on its path to becoming better. And an MNC like Clariant, which has strong innovative resources, will continuously strengthen its local innovation capability for China's development."

"Chinese companies looking to acquire beyond China's borders focus on winning at home and exporting abroad, which enables them to strengthen their domestic competitive stance while simultaneously positioning for global expansion, especially in other developing markets," Leung said.

"Customers or the watchdog will spend a very long period in reality to verify the recall's effectiveness, and now the carmaker needs to give us essential information to build our confidence." The current recall plan has been refined and upgraded in the past 75 days after the top quality watchdog rejected the automaker's initial recall plan proposed on March 1.

"China's yuan has fully recovered from 2016 and has recouped from last year's loss," he said.

"China's capital markets are undergoing the reform of minimizing administrative controls and strengthening crackdowns on illegal market behavior."