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"Considering the increasing number of infrastructure projects and the rebound in real estate investment, sales of excavators are set to rise by 40 percent to 50 percent on a yearly basis in July," Kong said in a recent CICC report. "We believe the construction machinery sector will witness steady growth in the next two years."

"Credit and TSF growth were moderate," the official said, adding that off-balance sheet financing has been falling due to strengthened regulation and de-leveraging policies.

"China's situation is extraordinarily important, because the measures they have applied - mainly measures of public health, community awareness and controlling contact - are working," said Manalich.

"China's steel demand may remain relatively stable in 2018," said Wang Guoqing, research director at the Lange Steel Information Research Center. "Real estate controls and environmental protection measures have weakened steel demand, despite higher demand due to infrastructure investment and mechanical products associated with the Belt and Road Initiative."

"Chinese consumers spend most of their leisure time on smartphones, whose battery life is always in danger. Wireless charging on the bicycle can help them always get connected to the internet," Gao said.