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"Consumption upgrade and supply-side reform have fundamental impacts on all industries. Under such circumstances, the auto market is undergoing adjustments, but it is good for the sustainable development of the industry in the long run," said Puttfarcken.

"China's manufacturing sector and the broader economy are likely to continue steady growth on the back of favorable macroeconomic conditions and rebounding foreign markets demand," investment bank China International Capital Corporation said in a research note.

"China understands that things have changed in the world, that the world has become multipolar. In such a world, China sets an example to other countries about what to do if we all want the world to be a safe place for people to live in and to improve the quality of life," he added.

"China wants to make a huge step forward from the mass production level to being one of the leading countries in the field of manufacturing. It has a special focus on innovation and quality, which is what Germany can offer," Obenaus said.

"China's cloud computing industry has been burgeoning in the past few years, maintaining a 30 percent average annual growth rate. Ningxia, as an important node of the Silk Road Economic Belt, has an obvious regional advantage of developing cloud computing and bid data," Sui Jing, deputy director of the information communication administration of the Ministry of Industry and Information Technology, said.