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"Consumers nowadays have become increasingly sophisticated and therefore look for value before paying a premium price," Li said.

"Chinese capital is very mobile across the region, despite recent attempts to cap it. Investors will no doubt be drawn to where they might get better returns," Khatiwada added.

"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.

"China's international sci-tech cooperation will be conducted on the basis of mutual benefit and win-win results, rather than a matter of importing technologies," Tian said. "We hope that all our partners can benefit from this approach."

"China's intelligent connected vehicle technology is now at the forefront of the world, bringing consumers a safe and convenient travel experience," said Li Shufu.