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"Chint has been actively integrating and promoting productivity in foreign countries, including the construction of its logistics centers, which deepens its overseas channel," said Tang Xuewen, an analyst from Shanghai-based Everbright Securities, in a report.

"China's app economy is accelerating in growth, putting it within striking distance of Japan and the United States," Bertrand Schmitt, CEO and co-founder of App Annie said.

"Corporations are diversifying their investments by increasing RMB bonds, instead of focusing on investment in US dollar bonds," said Ivan Chung, head of China credit research and analysis at Moody's Investors Services.

"China will embark on large-scale 5G network construction next year. This will further the use of the cutting-edge technology in more traditional sectors and lay a sound digital infrastructure for manufacturing upgrades," Wang said.

"China's smartphone market is declining because consumers are holding on to their phones for longer, operators like China Mobile have reduced their smartphone subsidies, and device makers such as Huawei have launched fewer 'wow' models to tempt shoppers back into retail stores. Some consumers are finding their smartphones 'good enough' and are pausing on upgrading," Neil Mawston, executive director at Boston-based Strategy Analytics, said in an email.