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"China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China (Shanghai) Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"By liquidizing remnant assets, these companies reduced around 20 percent of financing through traditional approaches and saved a total of 500 million yuan in interest (payments)," Zhang said.

"China has become our largest market in Asia and the elevator business is our focus of future investment," said Jurgen Bohler, CEO of thyssenkrupp Elevator (China).

"China gave us a lot of aid," she said. "I can see Chinese people running businesses everywhere."

"China is paying great attention to the development of this technology. Our principle is to encourage trials, allow failures, ensure safety and oppose monopolies," he said.