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At the same time, the market is going to continue to diverge, with large players taking more market share. The market is going to become more consolidated through mergers and acquisitions, the report said.

At the International Fisheries Industrial Park, newcomers' specialties range from making fish ball, smoked fish, dried fish, fish sauce to turning fish guts into organic fertilizers. The park achieved vertical processing integration and added 150 full-time jobs.

At the 2018 World Robot Conference held in August in Beijing, Fanuc demonstrated the world's largest lifter. With its capacity for an enormous 2.3-ton payload, the M-2000iA/2300i, its industrial robot, can easily lift and position a car or load bulky set castings onto machinery fixtures. The model is ideally suited for heavyweight material handling applications that require a strong and flexible wrist.

At the same time, China has become the more important energy importer now. This is driven by the total volume of the country's economic growth, and also by the change of the world consumer centers from the West to the East, Sun explained.

At the event, the company showcases its latest products such as electric excavators. "Here we want to take the opportunity to show that Volvo is, from a global perspective, a leading manufacturer of equipment, but also taking the lead in terms of new technologies," Gurander said.