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Domestic consumption will have to be the primary demand-driver for the products of China's factories and businesses. For, the nation is transitioning from an economic model based on infrastructure investment and exports made by low-cost labor toward one based on higher wages, upgraded industry, and technology development.

Despite the recovery, the business profitability situation remained "not optimistic" as yet-to-recover market demand, retreating industrial prices and cost pressure would combine to weigh on profits, Zhu stressed.

Despite trade frictions, China's semiconductor industry should remain open to international cooperation and make more efforts to contribute to the development of the sector which is highly globalized, company executives and analysts said.

Domestic and foreign-owned international cargo flights in China are expected to total 1,989 this week, connecting with 93 destinations in 45 countries around the world, Jin said.

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