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Chinese brands seized 43.2 percent of the market share in the period, far higher than the runner-up, as German carmakers' products accounted for 20.5 percent of the market.

Chinese government's efforts in tech innovation and achievements of Chinese companies such as Alibaba and Tencent form the reasons for China to top the list, according to Sophia Patsikas, lead researcher at Expert Market, as reported by Forbes.

Chinese rail vehicle manufacturer CRRC Zhuzhou Electric Locomotive will upgrade its facilities in Malaysia this year as it looks to win the service contract for the upcoming Singapore-Malaysia high-speed rail project, its chairman said.

Chinese property developers and realtors have been biting the bullet with grit and wit to survive and thrive. Some adopted virtual reality salesrooms and livestream marketing, while others announced price cuts to lure customers.

Chinese mainland stock exchanges are carrying out trials to allow individuals to buy local government bonds, in a move aimed at decreasing financing costs and improving liquidity.