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"Compared with some emerging market economies suffering from fluctuations last year, China's steady economic growth and the relatively stable yuan boosted foreign investors' confidence in the country's mid- and long-term growth prospects, prompting the rebound in direct investment," said Zhang Zhiwei, chief China economist and head of China equity strategy at Deutsche Bank.

"Chinese consumers are more sophisticated and attach more importance to quality and value. They prefer products that are pleasant to the eye, user-friendly, intelligent, and ideally, connected. We made major adjustments to our product lines last year and took steps to shorten the time spent on research and development," he said.

"Chinese people have accumulated more wealth, and their family income increased," she said.

"Chinese companies need to make essential moves now including deciding where to play, developing a road map to access the tech stack and deciding the right alliance and ecosystem strategy," Thomas said.

"China’s airlines are the largest user of the Boeing 737 MAX 8 aircraft, which also caused us the biggest loss during the incident,” said Liu Shuguo, secretary-general of the association. “We will actively support and assist member companies with their compensation claims.”