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

"China's urban rail transit has seen good growth momentum for three consecutive years," said Xie Zhengguang, president of the association.

"Chinese producers have been going overseas to seek mining resources such as iron ore to ensure stable and low-cost supplies, as the nation sees its dependency rate on imported iron ore exceeding 80 percent," said Zhu.

"Chinese authorities are looking to fast track new energy vehicle (NEV) sales, but despite subsidies the growth in volume in the NEV segment amounts to just around 1.8 percent of the total vehicle market in China so far this year. The authorities are beginning to look for tougher and more stringent ways to strengthen the NEV segment," wrote Namrita Chow, principal automotive analyst of IHS Markit, in an email.

"Coca-Cola has been trying to diversify its product portfolio to meet the new consumer demand while in the past it wasn't able to tap into the growth of the dairy sector, which is booming," Yu said.