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"Consumers are going back to trust bigger brands amid the uncertainties … so that in many ways the growth of insurgent brands has slowed down," Lannes said.

"Chinese companies are very innovative in e-commerce, mobile payment and sharing economy," she said.

"Currently, most of their revenues are from the domestic market," Dai said. "Douyin and Kuaishou have gained popularity in Japan and Southeast Asia, respectively. We expect those Chinese short video apps will see more downloads and revenues generated from overseas markets."

"Coca-Cola is accelerating its journey as a total beverage company," said Curt Ferguson, president of Coca-Cola in China.

"Coal, oil and steel industries already posted slower profit increases in March," said He, who also warned of pressure from rising costs and financial expenses.