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"Consumers already know that they are participating by Nov 1 and often even know what they want to buy as they would have to pay a deposit for popular items. Hence, this additional window serves to bring the transactions forward," Ong said.

"China will do its best to fulfill its own climate pledges, and we do not rule out the possibility to achieve more than what we have pledged," said Gou Haibo, a senior representative for climate change negotiations of the Ministry of Foreign Affairs, at a news conference in Bonn.

"Coronavirus infections are spiking across the country, but President Trump decided to attack Dr Fauci again today as a 'disaster' and call public health experts 'idiots' instead of laying out a plan to beat this virus or heeding their advice about how we can save lives and get our economy moving again," Biden said.

"Confidence among entrepreneurs has improved and expectations for the Chinese economy remain stable and positive," said Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing.

"Competing against the world's best automakers outside of China is the best way for GAC or other Chinese automakers to improve the quality and performance of the vehicles they make and gain better access to advanced technology from global suppliers," he said.