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Apart from the supply side, demand side sectors including car sales, rent and after-sale services also face downturn pressure.

Antibiotics have long been used to kill harmful bacteria in both animals and people. But the continued overuse of the drugs has led to the serious problem of resistance. The European Union decided in 2006 to eliminate antibiotic growth promoters from animal feed and China has announced that it will follow suit starting from next year.

Anticipating this, the PMI introduced the project management professional certification test, or the PMP test, in China two decades ago. Prashara predicted that the number of active PMP certificate holders on the Chinese mainland will exceed 300,000 by the end of this year.

Announced at a conference held in south China's Guangdong province on Saturday, the ministry said the country built or upgraded nearly 24,000 restrooms for tourists this year, including about 15,000 in its less-developed central and western areas.

Another key factor going forward for China's tech sector is the "Shenzhen effect" - manufacturing clusters with deep networks, experience, expertise and easy supplier availability not available anywhere else will allow Chinese companies to integrate hardware in software. "5G is another step function. There is going to be stuff that we can't even imagine that is going to be built in Shenzhen because of the proximity of all those people together," Robinson said.