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"China has already risen as a major car manufacturing power and the largest automotive market in the world," Chen said. "But in terms of car exports, we have yet to achieve a global market share that matches these titles."

"But some of the countries that were interested in creating bilateral (agreement) with us are getting a little more reluctant to deal with us because of the uncertainty of what's going on right now," she said.

"China is a promising market and it is set to be the world's largest retail market this year, and there is a clear need for a solution that enables brands to hone their in-store execution and increase their margins," said Dror Feldheim, Trax's co-founder.

"China is a very important market for us," Bhatia said, adding that the company is not changing its plans for the nation; its Xi'an facility will continue running at full throttle, and Micron will continue introducing new products.

"CNPC's decline in oil output should ease in the second half of this year and its gas-production growth may accelerate."