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"Certain fees must be eliminated and for those that are retained, it should be clearly explained why they are being collected," he added.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"China is a dynamic impetus to the global civil aviation market with surging air passengers and more airports. It is forecast to become the world's largest aviation market by the mid-2020s," according to a report by the International Air Transport Association.

"CIIE will bring a very strong exposure to our company, by having high-level government officials, influential trade professionals, including lots of existing and potential customers, and hopefully also the general public which can bring us recruiting opportunities," Laurent Castella, Head of Market Region Asia, GF Machining Solutions, said in Shanghai on Thursday.

"But the policy response has also contributed to global public debt reaching its highest level in recorded history, at over 100 percent of global GDP (Gross domestic product), in excess of post-World War II peaks," they noted.