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"Chinese consumers are shopping across seven different store types and we believe there are still opportunities for brick and mortar retailers," said Jason Yu, general manager of Kantar Worldpanel China. The key is how the retailers adjust to the changes in China and revise their store formats and accelerate digitalization.

"Currently, we sell about 450,000 smartphones in China every day," Ren said during an interview in late March. "Starting from April, monthly sales are expected to reach 20 million units."

"China's IP rights environment has changed a lot for the better in the last few years," noted Jive Lai, general manager and head of marketing for music services consultancy firm Outdustry.

"China's fixed asset investment will see steady growth in 2019. It will continue to be the primary driver of the building materials industry. The continued advancement of the supply-side structural reform will help optimize the industrial structure and provide new impetus for its development," the ministry said in a recent report.

"Chinese bearing companies should have the confidence in producing high- and middle-end products."