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"Chinese tech companies have a very big market in China, but the European market is very segmented and differentiated, and the customers are sophisticated," said M?ller-Hergt, adding they connect IT vendors in China who are eager to sell their products and services overseas with European resellers.

"China's international express market had been dominated by global giants such as FedEx, UPS and DHL for long, and the aviation logistics hubs built by Chinese enterprises will intensify the competition," Yang Daqing, a researcher from China Society of Logistics, was quoted as saying by National Business Daily.

"Currently we are going through one of the biggest slowdowns that we have seen in recent times," Pawan Goenka, managing director at automaker Mahindra said earlier on Wednesday after the company reported a quarterly profit.

"China's growth model, despite foreseeable headwinds, has been evolving constantly, including further opening up in attracting international capital and deepening financial market reforms," she said. "We expect China to adapt to current challenges and stabilize growth with corresponding policy supports."

"China still has plenty of potential sources of domestic growth－consumption for instance－and it can now cultivate these further. That means it will be able to face the current issues with more flexibility and readiness than others, although the question is whether this will be sustainable."