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"Compared with the traditional brace, which usually costs between 2,000 and 4,000 yuan, the price of Unloader One is very high, but it is much more effective. Considering the spending power of the elderly, leasing may be a better option for them," says Liu.

"Chinese carmakers are going to complete the deployment process of Industry 4.0 in less than two years, while their German counterparts took five years," Hecker said in an interview on Thursday on the sideline of the forum.

"Compared with conventional charity patterns, online charity is more convenient, accessible, efficient and transparent," Zhao Wenpin, associate professor with the Party School of the Communist Party of China Shanghai Municipal Committee, told the paper.

"China's industrial development is improving month-by-month as a slew of policies by the government take effect," said Xin, adding that some changes also took place.

"Companies that are able to get the benchmark interest rates are few, and in most cases, bond-issuers have to accept banks' buoyancy, which is more than 20 percent. So, the cost of loans may end up higher than direct financing costs."