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"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.

"Currently, the R&D centers of most domestic food enterprises are located in Shanghai. In fact, Wuhan owns a large number of top colleges and science institutions, and there are major food makers such as Bestore and fast food chain Zhouheiya," said Bestore vice-president Zhao Gang.

"Coocaa TV is a young brand, and we hope to convey the young generation's attitudes via the TV, which is our original intention behindupgrading the brand," said Tang Xiaoliang, chief brand officer of Shenzhen Skyworth-RGB Electronic.

"Chinese design is receiving increasing international attention and many rising Chinese designers need such support to debut their designs and gain international exposure," Wang said.

"China's steel output accounted for half of the world's total, so it's natural for Baowu to achieve such a result," said Chen.