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As the organizer of the fair, Deutsche Messe said this year witnessed the trend of more digitized production, the integration of automation technology, IT platforms and machine learning which would take Industry 4.0 to a higher level.

As the name suggests, plant-based meat substitutes are made from plants and especially designed to look, taste and cook like real meat. These vegetable-based alternatives, which are growing in popularity, can be made into burgers, nuggets and sausages, for example.

As the listed arm of Chinese internet conglomerate LeEco, the company which went public in 2010 and had made profits in the seven consecutive years, expects a loss of 11.6 billion yuan for last year.

As the old Chinese expression goes, it's like killing a chicken to terrify the monkeys; in other words, it's small enough to jail, too big to fail, Sung added.

As the epidemic is largely a regional and short-term event, Charles Kao, China branch president of South Korean cosmetics group Amorepacific, said China's robust market, diversified channels and flexible business transition will help mitigate the outbreak impact.