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"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.

"China has promised to eradicate poverty by 2020, and I wish I could stay till the last minute," said the 45-year-old Xie, now Party chief of the village, who residents say is key to Alingchao's economic development over the past three years.

"China is well prepared for further actions taken by the US and will resolutely fight back if the US insists on unilateralism," Gao added.

"Car buyers should not have unrealistic expectations for price reductions, and they should make reasonable choices according to their needs and purchasing ability," Cui added.

"China has developed the new energy vehicle industry for almost 10 years. The customers have learned to buy electric cars, which will help expand the market," said Cai Jianjun, executive vice-president of Aiways.