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"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.

"Foreign capital holding shares in SOEs can benefit both sides. With the breakthroughs made in the reform, the country now has conditions that can facilitate the introduction of foreign capital to SOEs," he said.

"Hainan needs internationally popular tourism and entertainment offerings to provide visitors more options, to become an international tourism and consumer hub, and to enrich the Hainan free trade zone and port," Hainan Daily, a local paper, quoted a provincial cultural and sports affairs department official as saying recently.

"From all these figures, you can see that China has succeeded in not only infrastructure and housing, it's also very important in the new modern industries," he said.

"Forefront technology is now assisting human beings with some easy work and will have a far bigger impact in the future. We hope that more economies and groups can be involved to share this huge benefit," he said during a parallel session at the second China International Import Expo, which kicked off on Tuesday in Shanghai.