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Chinese film industry insiders worry that bloated star salaries will gobble up so much of a project's budget that the production value and film quality will suffer.

Chinese companies and institutions are also showing strong willingness across regions including the Asia-Pacific region. "In Southeast Asia, a string of Chinese companies are also helping to modernize this process locally," he said.

Chinese carriers will need 8,090 new airplanes in the next 20 years worth nearly .3 trillion, to meet rapidly growing airplane passenger traffic in the country, which is expected to grow by 6 percent annually, US aircraft manufacturer Boeing Co said in Beijing on Tuesday.

Chinese cultural and entertainment group Perfect World Investment & Holding Group has rolled out a new internet brand 88 and its first personal business email product to tap into the e-commerce market segments.

Chinese car-makers are feeling the pinch in the market. According to the China Association of Automobile Manufactures, in 2018, China's auto sales recorded the first ever annual negative growth. In the first two months of this year, auto sales also decreased compared with a year ago.