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"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"China is a longstanding friend of Sri Lanka, therefore, we stand in solidarity with the people and the government of China at this hour of difficulty", said K K Yoganaadan, acting ambassador of the Embassy of Sri Lanka in China.

"China has a lot of talents and the government is a big supporting factor. Shanghai spearheads the BMW research and development network in China and also serves as an incubator for future technologies," said Jochen Goller, president and CEO of BMW Group Region China.

"By building our own brand, we could invest more in innovation and market promotion, which has eventually helped increase business profits," Zhan said.

"China has been continuously launching new measures on industries upgrading, providing powerful support for the multinationals developing in China," said Cai Hua, government affairs director of OSI Group's China office.