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"Companies' future output expectations remained strong, reflecting a positive outlook for the manufacturing sector for the year ahead," Wang said.

"Consumption upgrade and supply-side reform have fundamental impacts on all industries. Under such circumstances, the auto market is undergoing adjustments, but it is good for the sustainable development of the industry in the long run," said Puttfarcken.

"Credit data suggest some major commercial banks are adjusting their interest rates as the financial sector is tightening measures, which may make home loan applications more difficult," said Yan Yuejin, research director at the E-House China R&D Institute.

"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"China-Brazil ties are permanent. They are both large developing countries with numerous reciprocal and common interests. I see a natural and necessary tendency [toward growth] in all aspects of the relationship," he said. "The common foundation is a world governed by stable rules, by multilateral measures. We share this foundation."