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As premium carmakers cut their prices, volume brands may follow suit to keep their competitive edge in the market, thus benefiting even more people, Zhang said.

As the slowdown is an outcome of policy shift rather than a deterioration of economic fundamentals, there is no need to be overly concerned about it, he said.

As reported by NHK, Suzuki hopes that pulling out of China may allow it to concentrate its efforts in India, where it holds a dominant market share through a majority stake in the country's largest carmaker Maruti Suzuki India Ltd.

As well as the theme parks, a Peppa Pig stage show will tour China over the next three years and a number of branded pop-up and mall events are also in the pipeline.

As the most important economic cooperation mechanism in the region, APEC has taken the lead in regional cooperation by promoting regional economic integration, exploring new cooperation areas and expanding development potentials, said Li.