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"China will insist openness and cooperation for mutual benefit during the process of promoting global standards. With the Belt and Road Initiative, we hope more Chinese standards can step outside to contribute to world development," he said.

"Combined with the pentup demand, sales may witness a slight rebound," said Stephenie Zhou, head of project sales for JLL Shanghai. "However, prices are likely to be largely flat as policy restrictions are still in place," she added.

"China's smartphone market is forecast to drop 12 percent in 2018, which definitely weighed on all vendors, but it is worth noting that even within such a tough situation, Chinese players Huawei, Xiaomi Corp, and Vivo all managed to maintain growth in the first nine months of last year. In the same time frame, Apple, however, dived 12 percent," Jia said.

"Consumption drives economic growth by leading investment. Economic growth can only be stimulated if consumption can be expanded to boost industrial production," said Wang Tongsan, an economist with the Chinese Academy of Social Sciences, a government think tank.

"Countries that have positioned their brand, such as Australia, achieve 25 percent higher sales in meats than we do," he explained. "Led by Inac, Uruguay has since April of this year launched a strong promotional campaign in China on social networks, at points of sale, and at food distributors and producers."