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China's economy is projected to grow 6.2 percent year-on-year in 2019, according to the Organisation for Economic Co-operation and Development on Tuesday, which also forecast a six percent increase for the following year.

China's corporate debt-to-GDP ratio is high. The ratio went up in part because of the 4 trillion yuan stimulus package announced in 2008. At that time, the money for infrastructure projects was primarily raised by local government financing vehicles, for the central government did not want to see an excessively rapid increase in the deficit-to-GDP ratio.

China's enterprise bond spreads, especially with high-yield ones, are still above their historical average and should compensate for a gradual rise in the overall rate of credit market defaults under an orderly deleveraging scenario, said Mark Haefele, chief investment officer of UBS Global Wealth Management, in a recent research note.

China's high-tech industry saw growing capital inflows in the first four months of 2018, with a significant increase of foreign direct investment in the country's medical equipment manufacturing sector in particular.

China's new standards urging construction machinery firms and infrastructure project contractors to adopt more digitalized and energy saving products are also expected to sustain the sales of excavators, truck-mounted cranes, elevated work platforms and aerial work vehicles, he said.