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"But there is no need to implement large-scale coal reduction measures later in 2017," said an official from NDRC, implying that coal prices are now at a reasonable level.

"China continues to defy predictions of a hard landing," said Jan Dehn, head of research at Ashmore Investment Management Ltd.

"China Minmetals has strength in base metals including copper, zinc, and nickel, and minor metals including tungsten, and antimony, with abundant resources and leading production volume," she said.

"China has been so successful in developing technology with a lot of involvement of the US economy and other global leaders that it has become one of the world leaders in some of the newest technologies, whether it's heavy duty computing, supercomputing, artificial intelligence and a host of other areas," Firestein said.

"But we are not just about hardware. The company is working on full-stack optimization, which also involves software, systems and algorithms," Huang added.