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"From this year, we have been exploring going global as we set up our first overseas office in South Korea," Chen said.

"Generally, companies in Guangdong have been seeing relatively stable development, although their businesses were under some strain from the Sino-US trade dispute," Ma said in a recent meeting.

"From my experience, in the petrochemical industry, the international market usually lacks sufficient understanding of Chinese products, so sometimes they don't accept Chinese equipment," Sun Songquan, vice-general manager of the sourcing department of SEG, said during a panel discussion on Tuesday at a Belt and Road Forum in Urumqi, the Xinjiang Uygur autonomous region.

"Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company - especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles," said Joe Hinrichs, Ford executive vice president and president of Global Operations in a statement.

"Green transition is a big challenge for the firm, but it is also a great opportunity," Li said.