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But fast-forward to 2019 and the old impression of China being exclusively a manufacturing powerhouse is starting to fade. Whether it is international scientific breakthroughs or exciting technological innovations, China’s contribution to global development is becoming more and more prominent.

But it is also a wonderful opportunity for new German companies, which have so far not really discovered China's potential as a new destination for their products and ideas, he added.

But now United and many of the nation’s food banks that stock local charities with food also face a daunting task: trying to distribute the largesse of new food shipments from the US Department of Agriculture resulting from US President Donald Trump’s trade wars with China and other countries. Storing and transporting the food will be a challenge, food bank leaders say.

But experts at EY pointed to the fact that the companies' outbound investment structure is optimizing. Despite the adverse global investment conditions, China's outbound direct investment value in the manufacturing industry increased 7.3 percent year-on-year and that in the information transmission, software and IT services sector surged 31.7 percent from a year earlier.

But Rambo also suspected the decline in traditional publishers’ ebook sales may due to pricing, a potentially Titanic-sized problem of publishers’ own making.