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"Coal, oil and steel industries already posted slower profit increases in March," said He, who also warned of pressure from rising costs and financial expenses.

"Chinese investors are considering to shift their investment philosophy and focus more on high-tech and innovative companies, corresponding to the country's high-quality development blueprint," said Hu Tianxiang, founder of Shanghai SuXiang Investment Consulting Co Ltd, an investment consulting and asset management company.

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.

"Committed, because as much as any other country over the past few years, China has shown a commitment to health and development both at home and abroad. Ambitious, because of the targets it has set for itself, including wiping out extreme poverty by 2020. And vital, because we need an engaged and responsible China if we are to rid the world of what we call 'solvable human misery'," he responded.

"China's yuan has fully recovered from 2016 and has recouped from last year's loss," he said.