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"Chinese carmakers cannot rely too much on their joint ventures for profit, which means they have to work harder on their own models. This will help cull the incompetent but cultivate the competitive such as Geely," Zhang said.

"China's civil aviation industry has seen rapid and healthy development in recent years," Gao said, adding that Boeing has delivered more than 2,000 commercial aircraft to the country.

"China's audiovisual market is growing rapidly. But now many video platforms are becoming more and more similar to one another which makes them more challenging to user numbers and advertising revenue," said Wei Pengju, director of the Institute of Cultural Economics at the Central University of Finance and Economics in Beijing. Companies in the audiovisual sector are certainly aware of the challenges and are actively seeking solutions. The Xigua video app now targets the new mid-sized video sector to win more users.

"Compared to August and September, a distinctive characteristic of October was that house prices in the secondary market showed signs of softening, with 14 cities reporting a drop," said Zhang Dawei, chief analyst at Centaline Property Agency Ltd.

"China's economic development is a huge opportunity for Japan and the world," Abe said. "It is welcomed," he added.