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"China as a country has put a lot of emphasize on the development of AI, and we are seeing a lot of activities in this area," Cerda said, indicating that the Made in China 2025 initiative would also help companies in China succeed. "We welcome it, and we think this is good for robotics development worldwide, and we're happy to see this sector growing and developing in China."

"China is a very important market for us. It is expected to become our largest market globally next year," said Frank Hammes, CEO of IQAir, in a recent interview with China Daily.

"Certainly the best outcome would be an agreement for complete and total denuclearization," she said, "but this is the beginning part of these conversations ... And we've been pretty upfront about that."

"Challenges and competition can only make strong companies stronger," Wang said. XCMG converted the slump into an opportunity to review its weaknesses and come up with corresponding solutions.

"China is one of the most important markets in the world for us," he said. "We develop different plans for different areas. China is not just one market, it is many markets. For instance, Shanghai is one market and Fujian is another one with different consumption characteristics. We need to draw insights into consumer behavior in different parts of China."