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"China is a major raw materials supplier for pharmaceuticals around the world. In these difficult times, it's extremely important for our industry to maintain an unbroken supply chain so front-line healthcare providers always have access to the high-quality medicines they depend on," said Chris Ewer, vice-president of Janssen Supply Chain Asia-Pacific.

"China has the world's most complete industrial system with the most diversified sectors and most vigorous domestic demand. The industrial fundamentals in the country also remain good," he added.

"But the US dollar remains the wildcard. If and when the greenback strengthens again, the renminbi will come under renewed pressure, reigniting capital outflows. Then we cannot rule out a further clampdown on outflows, in order to safeguard foreign exchange reserves," he said.

"By far, Terminus has been operating its five existing projects in China, and the company will be able to see its global AI City network come into being once the final stage of the District 2020 project is finalized," Ai said.

"But the 0 billion valuation is undoubtedly too high even by the standards of Chinese companies' high price-to-earnings ratio. Xiaomi's market performance can by no means support that," Shen said. "Something between to 0 billion is more likely."