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"China is going through the process from 'made in China' to 'intelligent manufacturing in China', and will finally enter the phase of 'created in China'. During the process, Kuka needs more efforts to increase its localization ratio," said Wen, adding that the localization will focus on R&D, sales, aftersales service and apps.

"China Mobile has made a bigger investment in 5G tests and experiments, compared with its rivals, including China Unicom and China Telecom. Moreover, China is in the forefront of 5G technology around the world, possessing a right of speech in the establishment of 5G international standards," said Fu Liang, an independent telecom analyst.

"But the model Mobike released on Thursday is powered by a combination of pedal power and batteries. The battery is designed to help consumers better ride bicycles, which can limit the maximum speed and lower the accident risks," Yang said.

"But the monetary policy will have to coordinate with the bond issuance, to maintain sufficient liquidity and keep financing costs at a low level," said Ming.

"China has the world's most complete industrial system with the most diversified sectors and vigorous domestic demand," said Pang Xingjian, senior vice-president of Schneider Electric China, adding the epidemic and its recent impact on factory business will push more Chinese companies, especially small and medium-sized enterprises, to focus on digital transformation for robust growth.