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"The cost of batteries is the issue of most concern for current development," said Ouyang Minggao from China EV100, a domestic industry group.

Wang said that the China-proposed Belt and Road Initiative (B&R) is a historical opportunity for China and Malaysia to build better relations as some projects they agreed under the framework of B&R have made progress.

He named a few new economic sectors which he described as "very attractive," including high-tech, non-banking finance, life science and consumption.

As of Saturday morning, seven of the injured, two males and five females, remained in critical conditions, and doctors have traveled from Shanghai to assist with their treatment, according to provincial health authorities.

However, the task is difficult and risks and challenges still exist.