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"But now, things have changed. You need to climb to the top to be a winner. After five years of a quiet market, domestic as well as overseas demand is slowly pulling back this year. It poses a new challenge to XCMG."

"China is only at the beginning of the journey of increased gas which we think will at least double if not triple in the next 10-15 years. Right now the percentage of natural gas in China's energy mix is still relatively small (6.6 percent in 2017) compared to some of the more advanced economies (ranging from 22 percent to 67 percent)," he said.

"By then, we will be one of the world's top 30 container ports," he said.

"By strengthening its small-and medium-sized enterprises, China will further open its economy by enhancing the regime of intellectual property protection of foreign companies and by lowering tariff on strategic sectors such as the auto manufacturing industry," he said.

"But we need to maximize opportunities and minimize challenges by tackling anti-globalization forces to accelerate growth," he added.