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Chen Qihua said it's a good sign that the industry, which used to attract hot money, has cooled down after years of market adjustments. The phasing out of inefficient companies can "ensure the sustainable development of the industry", he said.

Chengdu, capital of Southwest China's Sichuan province, will build the China Science Fiction Town with an investment of 12 billion yuan (.8 billion).

Chen's husband Yang Sheng had packed the last order of the day in a warehouse that had no air-conditioning on a humid fall day in Jinhua, Zhejiang province.

Chen Geng, chairman of Fuzhou-based Fashion-Flying Group, a large-scale outdoor garment manufacturer, said his company will partner with more cross-border e-commerce service providers and domestic e-commerce platforms, such as Tmall, to further diversify its sales channels in both the global and domestic markets. The value of its foreign orders dropped 20 percent on a yearly basis to million in the first half of this year, due to several clients canceling their shipments in the second quarter of this year.

Chen said that so far around 80 percent of the project had been completed.