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"By providing power to Pakistanis, who previously had no proper access to electricity, these projects will also greatly help the country's economic and social development," said Yuan Jiamei, a professor at North China Electric Power University.

"But now, things have changed. You need to climb to the top to be a winner. After five years of a quiet market, domestic as well as overseas demand is slowly pulling back this year. It poses a new challenge to XCMG."

"Cash flow problems are forcing some SMEs in property to sell off some of their projects, or offload equity stakes, and sometimes sell out totally."

"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape," said Steve Lo, the managing partner of EY's greater China Technology, Media & Telecommunications division. "It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."

"China and the UK should foster new highlights in financial cooperation and improve global economic governance to inject new vitality to our bilateral relations," Hu said.