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"China is an essential part of our long-term strategy. We are confident in the market's future development," Koay said.

"By 2020, China will abandon the concept of absolute poverty and we will use low-income or minimum insurance to define this," he says. "It also implies that when China enters the high-income stage, the new standard will give us a better idea of how we can invest in human capital and help poor people improve their development ability."

"Canada should review the high dependency on the US for its economy and trade," said Gil Lan, an associate professor in Law and Business Department at the Ted Rogers School of Management, Ryerson University.

"Buyers are basically paying for a power battery, as the battery in an electric car is so expensive that it makes up about half of the production cost," he said in an earlier interview.

"But we can't give way. We know that compromise will put them at risk," Wong said.