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Angkor Wat in Cambodia. [Photo provided to China Daily]

And CRRC has great cost advantages in product development and production, based on its rich experience in China's large domestic market.

Analysts from Guangzhou-based GF Securities said that the cement industry is expected to gain significantly from the construction of Xiongan New Area. Both the sales volume and price will show significant signs of growth, especially in Beijing, Tianjin and Hebei province.

And Chinese consumers are not hesitant about paying for such a service, with more than 90 percent expressing their willingness to pay a premium for a vehicle that can communicate with other vehicles and road infrastructure to improve safety.

And among the world's four largest auto markets-China, the United States, Germany and Japan, only China achieved a negative-to-positive reversal. Recovery in the overseas car markets will still take some time, Wang said.