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"By further reducing the burden of manufacturing enterprises, it will help promote the investment and development of the sector, and thus form a benign cycle. Tax cuts and fee reduction are an important measure to help lower the costs and they will help manufacturing companies to raise their product qualities," said Liu Xiangdong, an associate researcher at the economic research department of the China Center for International Economic Exchanges.

"But they are swinging more toward one of the left-leaning contenders with high name recognition rather than toward a lesser-known candidate who might be more in line with them politically," Murray said.

"China has constructively participated in the negotiation of the text and has proposed reasonable revisions. However, unfortunately the draft resolution just put to a vote did not touch upon the essence of the issue and did not address China's core concerns. For this reason, China voted against the draft resolution," he explained.

"China could take advantage of the lower crude prices to start filling in its SPR, as the country is still shy of its target of 900 million barrels, equivalent to 90 days of the country's net imports," Luo said.

"CIIE will bring a very strong exposure to our company by introducing us to high-level government officials, influential trade professionals, including many existing and potential customers, and also hopefully the general public, and this could result in recruiting opportunities for us," said Laurent Castella, head of Market Region Asia, GF Machining Solutions, during a recent media briefing in Shanghai.