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As a result, Chinese shipyards maintained their leading position by taking away the lion's share of the business in a sign of the strength of the country's shipbuilders despite global consolidation in the industry as new orders halved in the first eight months of the year, analysts said.

As a professional, international and high-level event, the fair has played an active role in the country's technological development, from making improvements and catching up with other countries to taking the lead in internationally advanced technological levels, Wang Lixin, the fair's secretary-general said.

As a free trade zone and port, Hainan plays a pivotal role in China's opening-up drive and in the Belt and Road Initiative.

As a result, the Jingzhou plant has resumed operations during this critical period when the public health emergency response had been raised to the highest level. From one line at first to six lines now, its daily production capacity has jumped from 40 metric tons to over 400 tons.

As companies scramble to realize innovation-driven expansion and embrace automation and digital technologies to improve plants and management, they will be in a better position to handle risks, Qu said, adding that there is no need to worry about China's economy.