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Another local brand, Wuling, saw its sales grow 26 percent year-over-year to more than 270,000 units. Its first all-electric model – the Hong Guang MINI EV – has become the best-selling new energy vehicle model in China. Deliveries in the third quarter topped 28,000 units.

Apart from regularly disinfecting workplaces to provide employees a healthy work environment, the company has canceled all large-scale gatherings, and resorts to online meetings and training as much as possible.

Apart from signing a number of business contracts with China's SOEs such as China National Chemical Corp and China Eastern Airlines during the third CIIE, Honeywell International Inc, a US-based industrial conglomerate, is planning to either expand production lines or better optimize resources of its 21 plants in China, in order to enhance productivity and serve customers in a more efficient manner, said Scott Zhang, president of Honeywell China.

Another thing the coach has noticed is the "hidden agenda" for some Chinese students. "Of course they would love to do exercises and stay physically fit, but many of those who play really hard are also hoping that the little ball could one day lead them to a top high school or university, or at least increase their chances at doing so," he said. "This mentality has a lot to do with the Chinese parents, who almost invariably put academic pursuits on top of the agenda and who would mount tremendous pressure on their kids to achieve that goal."

Another strategic priority of InnoSpace is to raise 150 million yuan ( million) to 200 million yuan for its new investment fund by the end of the year. It will be used to support startups with high potential mainly in three targeted sectors: intelligent manufacturing, automobile, New Retail and supply chain.