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"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.

"But too much aggressive stimulus may lead to inflation and a surge in the macro leverage ratio," the PBOC governor warned. "Thus, (China) needs to keep using the conventional monetary policy tools as long as possible, to support the long-term development strategy."

"Cars with plenty of room are the priority, those that can carry at least three adults, two safety chairs, two baby carriages and a lot more," Xu said.

"China is our largest trading partner and has become our greatest partner for investments. For the Brazilian government, this is very important ... as we are stimulating the strengthening of ties in various ways, not only in economy, trade, finances and investments, but also in culture and academia," he said.

"China is showing the way for the rest of the world, in terms of beauty sophistication, as well as e-commerce and the level of digital connectivity," he added.