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Around 624 of the buildings initiated elevator installations in 2019, almost double the number from 2012 to 2018, and 221 elevators have been put into operation following government promotions of such projects.

As Chinese e-commerce giants make forays into property sales online, established realty firms should upgrade their digitalization efforts to secure their position, experts said.

As AB InBev's biggest Budweiser brewing and bottling facility in the world, the Foshan brewery in Guangdong province delivers 20 percent of its global production volume.

As China moves to stimulate the digital economy, the demand for digital infrastructure is massive, calling for cooperation among companies to satisfy these needs, he noted.

Apple investors have been worried about China since the company last month lowered guidance for the quarter due to economic pressures in the region and weak iPhone sales. CEO Tim Cook also blamed trade tensions between the US and China for the slowdown in sales.