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"China will see its refinery capacity boosted in the 2019-21 period and refiners are gearing up to produce higher-quality fuels with less sulfur to reduce pollution," she said.

"Chinese panel companies are developing rapidly in the flexible and foldable screens sector, but we still lag behind South Korean competitors in key technical talent, craftsmanship and product reliability," said Wang Jian, analyst at Beijing-based market researcher Sigmaintell Consulting.

"Companies need to focus on refined operations as well as seeking new ways to turn profitable. They should try to reduce the cost, improve the efficiency, improve the service offerings and provide better user experiences."

"City, town and county beaches may open as well on Friday of Memorial Day weekend, as long as they fully enforce the minimum rules," he added.

"China's Belt and Road Initiative will be a focus for discussion again this year, as the initiative is China's solution and wisdom for embracing globalization and to generate new growth opportunities for the global economy," Xu said.