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"China has 180 million people renting homes... the irregular and illegal practices by rental agencies have disrupted the market order and hurt the interests of the public," said the statement.

"China has become the largest piano market in the world," said Tan Chan, board secretary of Pearl River Piano, one of the biggest Chinese piano makers in Guangdong province. "But if you compare the number of pianos per hundred households, the number is still behind Japan, Europe and the United States. There is large potential for growth in the future."

"China has a population of (almost) 1.4 billion and is experiencing robust development. This promises hundreds of billions (of dollars) in market demand," said Co de Heus.

"China is already incredibly innovative in so many areas. There are apps and business models that can only be created here," Cook said.

"China has offered a good business environment and governmental support for the company in the past two decades, which accelerates the development of our manufacturing base to serve both the Chinese and Asian markets," Chen said.