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Apart from the favorable policies by governments, another important fact is that the sharp fall in oil prices will not have a strong influence on the region's EV sales. Rock bottom prices for oil meant further falls in the price of crude in China and Europe would be limited, he said.

Another prominent figure who debuted her latest creation at the CSIAF was famous Chinese choreographer Yang Liping. Featuring a combination of Stravinsky's music with oriental colors, Yang's Rite of Spring was a highly anticipated performance that drew a slew of industry insiders from abroad.

Any topics on growth inevitably lead to discussions on China, which is playing an increasingly important role in setting the world's economic agenda as a major contributor to the global recovery.

Another large deal was the 5-million purchase of the DoubleTree by Hilton Hotel Los Angeles Downtown.

Another Chinese company, Mobike, which offers a similar bicycle service, continues to operate in several cities in Israel.