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"Compared with consumers in other countries, Chinese consumers are considering purchasing autonomous vehicles, especially in the premium segment. In fact, compared with consumers elsewhere, Chinese car buyers aggressively seek autonomous driving features," he added.

"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"Combine this with the active lifestyle Los Angeles is all about, it is clear why people are fleeing other locations around the country and coming to this city," said Dees.

"Chinese companies need to tell their story in a way that is suitable for the local culture and the understanding that local people in that market have of Chinese companies."

"Consumer spending has rebounded in recent months, but increasing concerns among consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead," said Lynn Franco, senior director of economic indicators with the board.