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"Currently our battery (production) capacity has reached 16 GWh and we will install 10 GWh more in Qinghai by 2019," He said.

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.

"Currently, many CapitaLand's projects in China's southern, western and eastern cities are related to urban renewal. To date, our company has faced greater challenges, including those from global economic uncertainties to local policies on real estate development. We think a closer relationship with both government and business partners will help tackle those problems," Loh said.

"Culture export undertakes the responsibility of cultural communication between different countries and also bears economic significance, helping enhance the soft power of a country," he said.

"China should consolidate the foundation for the stable economic performance with sound growth momentum," Li said.