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"China has certainly provided a lot of opportunities for me, both professionally and personally," said Johannes Karlinger, director of the Goethe language center in Liaoning.

"China is one of our top-priority markets with product launches and potential growth," Saroukos said, adding that the company, which ranked 16th among multinational pharmaceutical companies in China, currently has a window of opportunity due to government healthcare reforms.

"But the proportion of local government debt should decrease, to ease pressure on the local authorities and reduce the difficulty of debt risk prevention and control as a whole," said Liu.

"China for us is a relatively small part of our business so it really represents a significant opportunity. What we're working on is how to unlock that opportunity for us. So we saw a drop in the Chinese market for the first time in 30 years, something like that, last year. This year, I think they're going to be flat and they'll still be number one in the world," he said.

"China is the largest and most dynamic market for electromobility and is playing a key role in the rapid spread of this promising drive technology," ZF Production Director Michael Hankel said in a statement.