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"Competition is the essence of market economy, the foundation of stimulating market vitality and the motive force of expanding market opening," said Chi Fulin, president of the China (Hainan) Institute for Reform and Development.

"Chinese consumers are realistic, and they have very clear expectations about how they see electric vehicles in their daily lives, as well as in wider society," said Yale Zhang, managing director of consulting firm Automotive Foresight in Shanghai.

"China's AI industry is booming," Zhang said. "There are always arguments that there will be companies that will not survive. Maybe, 90 percent will go to the wall."

"China's bike-sharing industry now enters a new stage of integration. Bikerental firms need to expand their business in an orderly way, improve the way of operating bikes and increase their profitability," said Raymond Wang, a partner at Roland Berger China.

"China's smartphone market is huge, and although it has fallen for two consecutive years, it still accounts for about 30 percent of the global market. In such a big market, there are many niche users, who will satisfy the survival of the niche brand itself," said Jia Mo, an analyst from global market research company Canalys.