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"Chinese panel companies are developing rapidly in the flexible and foldable screens sector, but we still lag behind South Korean competitors in key technical talent, craftsmanship and product reliability," said Wang Jian, an analyst at Beijing-based market researcher Sigmaintell Consulting.

"Construction machinery sales typically peak in February, March and April, contributing almost 40 percent to 50 percent to the industry's annual revenue," he said. "We expect the growth rate will start to slow down in the third quarter to a normal level, as the effect of a low comparison base fades."

"Chinese entrepreneurial ecosystem is huge as most valuable AI companies in computer vision, speech recognition, drones are all Chinese companies today," Lee added.

"China's supply-side reform has reduced overcapacity in the steel industry by closing down those with issues of pollution and outdated capacity while controlling new capacity construction, and helped reduce steelmakers' debt levels. But we expect the government will continue to fortify the results of the supply-side reform and focus more on upgrading the steel industry."

"Constraints over local governments' budgets will be made more binding," it said, noting that "disorderly use of debt financing for construction will be resolutely stopped and the governments' bond issuance practices will be standardized."