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"During the visit, the relocation was in the first stage, with the roads still muddy after rains, but now we all live in new houses and all the families in the village have been lifted out of poverty," Ma said.

"Earnings momentum has cooled this year along with the economy, and we expect the trend to extend into 2019," said Gao Ting, head of China strategy at UBS Securities.

"FMCG sales growth came from innovative versions of existing products. It's not as if consumers are shifting from top-end items to mid-range or low-end categories.

"Embracing the smart revolution, enterprises can effectively improve the production efficiency and offer better services," Liu added. "For instance, chatbots are helping combat some of today's biggest customer service challenges. Chatbots are able to learn knowledge up-to-date and offer services 24 hours a day, seven days a week, helping reduce the labor costs and better cater to the customers."

"Even though the market space for developing generic drug is fairly attractive, we will continue to focus on developing innovative drugs, because we are inspired by the progress China has been making to give more easy access for the patients to both home-made and imported drugs," said Du.