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"China will take a more proactive fiscal policy, raise the fiscal deficit ratio, issue special central government bonds, increase the quota of local government special bonds and continually implement tax and fee cut policy," Liu said.

"Continental is a technological leader in the field of electric mobility", said Rudolf Stark, a senior executive at the company's powertrain division.

"China's outbound direct investment will no longer just focus on Africa's infrastructure, energy, manufacturing and agricultural fields. Chinese companies have already begun to deploy more resources and manpower in Africa's services sectors as its economy has already diversified," said Yu Jianlong, secretary-general of the China Chamber of International Commerce.

"Chinese mainland enterprises have become the backbone for Hong Kong's IPO market," Chen said, adding their daily average trading volumes contribute 80 percent of the market total.

"City authorities drafted a development plan for the LED industry early in 2008 when the coal market was still booming," he said. "When the market stagnated in 2013, the provincial authorities arranged for coal company employees to visit LED manufacturers to learn about the industry."