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"For years, the United States has been seen as the impeccable frontrunner for a big bang coming in the healthcare sector, in terms of money invested in digital healthcare, as well as the number of groundbreaking startups," said Sigal Atzmon, president of Medix Group, an international company that offers medical case management.

"From what we can see from the statistics, there is no doubt that the market will fall by around 10 percent from 2018," said Yao Jie, deputy secretary-general of the China Association of Automobile Manufacturers. He was speaking at a forum in Shanghai and did not give an estimate when the market will start to recover.

"Four" here means the "Four Comprehensives", or Four-pronged Comprehensive Strategy, namely comprehensively build a moderately society, comprehensively deepen reform, comprehensively promote the nation's governance in accordance with laws, and comprehensively promote stricter governance of the Party.

"Following the financial crisis in 2008, the shipping market entered a long period of downturn and as a result, many loss-making firms went bankrupt," said Yao.

"Guangdong has prosecuted the largest number of cases in the country involving secret societies — which are sinister and evil forces," Lai said. "The effort contributes to the creation of a sound social order and positive environment for economic growth."