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"China's shipbuilding industry is realizing the transformation with its hardworking spirit to achieve technical breakthrough and innovation," said Sun Licheng, president of China Classification Society.

"China should pay more attention to make its ODI moves better suited to its 'dual circulation' development pattern by meeting domestic market needs via investment activities in overseas markets," said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

"China's auto industry has developed a lot while the current tax policy for used cars was made 15 years ago," he said.

"Chinese brands will step further onto the global stage with their products, technology, management and investment, which will bring benefits to people across the world," he said.

"China will become one of the world's hottest IPO markets," said Amanda Zhang, PwC China private equity partner.