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Another advantage is that it can increase transaction efficiency, Shu added. A manager surnamed Yi at a bookstore in Shenzhen told China Daily that the monetary value of sales is deposited directly into the store's bank account and there is no need to operate another third-party account. However, Shu said customer choice dominates the future of the payment structure. As existing channels have covered nearly all consumption scenarios, the digital yuan needs to make breakthroughs for broader acceptance.

Another automaker envisioning autonomous hybrids is Ford Motor, which said last week it had set up a new unit to accelerate the development of electric vehicles.

Another reason for cooling market activity is fewer investors are keen to buy corporate bonds as many issuers have low ratings, high leverage and weak cash flow.

Anker also exploits offline sales channels to reduce its heavy dependence on Amazon. After three years of efforts, its products can be seen in hypermarkets such as Walmart. Offline retail channels now account for about 25.8 percent of its sales.

Apart from Honeywell, other international conglomerates are also attracted by China's growing market and looking to diversify their development in China.