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"Developers' prudent attitude toward land is because of slower sales as well as policy tightening relating to conventional financing channels since the second quarter," said Xie Chen, head of research with CBRE China.

"Defending the Article 9 and more urgent issues such as weak economy, tax hike and fast aging society are setbacks for Abe," Zhou added.

"Each of the four partners is irreplaceable. Each will play a unique role by combining both domestic and international resources," said Zhou Zhuping, chairman of Hwabao Investment Co Ltd.

"Despite the increasing downward pressure, the government must come up with more measures to promote the coordinated resumption of the industrial chain operations. The supportive policies should be intensified in the next few months to help Hubei weather the economic fallout of the epidemic by further reducing fees and taxes for both companies and individuals."

"Digital technology is increasingly reshaping each sub-sector of the auto industry, including MaaS(mobility as a service), autonomous driving and new energy vehicles," he said, adding that in recent years, investment in the auto industry in China has spawned a number of innovative startups.