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"Clariant's development will be decided in Asia, especially in China. Innovation is an important carrier for China on its path to becoming better. And an MNC like Clariant, which has strong innovative resources, will continuously strengthen its local innovation capability for China's development."

"Consumer spending has rebounded in recent months, but increasing concerns among consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead," said Lynn Franco, senior director of economic indicators with the board.

"Chinese firms in Ethiopia are predominantly investing in the manufacturing sector followed by the service sector and the agricultural sector."

"China's long-term consumption potential is vast and the country's savings rate is decreasing while consumption rate is rising. The country is already the world's largest retail market. Even if it grows at a slower pace, it will still be the fastest-growing market in the world," Huang said.

"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary.