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"China's fast-growing digital and 5G technologies will also provide a solid foundation for its manufacturers going forward. This will benefit greener, more efficient and sustainable industrial development in the park," said Ma Yu, a researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

"Currently, the NMPA is already actively referring to international experience and opinions from the industry, to adjust its supervision mechanism to support the localization of assisted reproductive medium. With the introduction of domestic assisted reproductive media, the market value in the sector will be further released," Xiang said.

"China saw a dip in car sales last year, but we think of it as a marker of China's transition into a developed market," said Enno Tang, president and CEO of Continental China.

"Consumption has a greater role to play in stabilizing growth, and the commission will take more measures to boost domestic demand and unleash gigantic domestic market potential," he said.

"Competition in the home appliance sector is highly fierce in China. In terms of volume, the market demand in China has entered a stable and mature stage after a slight drop recently. But in terms of value, the market scale of China is growing constantly at 4 to 5 percent annually," he said.