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"Formula One represents the highest standard for car manufacturing, and the parts used represent a delicate balance between lightness and strength," said Wang Yongning, CEO of CITIC Dicastal.

"Financial support such as special funds are available for key development projects, and numerous pilot programs are also underway across the country, including the IoT industrial development clusters in the Bohai Sea Rim, the Yangtze River Delta and the Pearl River Delta regions," said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.

"For those fintech companies which went public abroad, payday loan business is where the market expectation lays," said Guo Dagang, secretary-general of Beijing Internet Financial Industry Association.

"For the next step, China's monetary and fiscal policy needs to remain loose. Monetary easing is to lower interest rates and to coordinate with treasury bond issuance by the Ministry of Finance. The bonds will raise money for infrastructure construction, a major driving force of economic growth," said Yu.

"For many of our members, the (cost) of the raw material could be as much as 60 or 70 percent of the cost of the finished parts," Hardy added. "So, the increase is significant."