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"Different from building a parking place, which takes longer time and bigger costs, shared parking is more cost-efficient as it improves traffic order and optimizes resources," said Jiang Xiaohai, deputy chief of the Traffic Police Brigade for Shibei District, one of Qingdao's first areas to promote shared parking.

"During the process, AI, together with other core areas of new infrastructure such as 5G, big data and the industrial internet, will integrate much more closely with each other. This will take the digitalization of the nation's traditional industries to a new level," he said.

"Dealerships have been slow to restart business and consumers are delaying their orders due to the epidemic," he said.

"E-commerce platforms in this case have played an important role to reach out to the consumers," he said, adding China is one of its high-priority markets. The firm will continue to invest and launch new products in the country.

"Even though the virus has caused a certain impact on the country's exports and imports within the short term, both global and domestic companies have strong adaptability and market development capabilities in dealing with the new situation," said Bai Ming, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation.