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Chery Automobile Co has decided to trade its controlling stake for at least 20 billion yuan (.12 billion) as part of efforts to reboot itself in an increasingly competitive Chinese market.

Chen Yuyu, an economics professor at Peking University's Guanghua School of Management, said the second quarter's improved indicators signal that China is bouncing back from the downturn.

Chen said the government needs to resolve any issues companies may face to invest in new infrastructure such as fundraising difficulties and a lack of supportive policies.

Chi Fulin, president of the China Institute for Reform and Development, said that as China's comprehensive reform and opening-up enters a new stage, higher-level opening-up requires institutional openness in order to abide by the trend of global development. Special economic zones could play a pioneering role in the process, he said.

Chen Yao, a researcher at the Chinese Academy of Social Sciences' Institute of Industrial Economics, said they should also make the best use of financing platforms such as the Asian Infrastructure Investment Bank to improve regional connectivity and industrial capacity cooperation.