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Another factor is that the first quarter is usually the off-season for the semiconductor industry, which provides a cushion of time for its companies.

Another reason why Chinese tourists are less interested in shopping overseas, according to Li, is that the quality of made-in-China products is improving. Also, the influence of Chinese brands is growing. "The time when Chinese people rushed to buy milk powder, frying pans and toilet covers at stores outside the mainland has long passed into history."

Animation hit Ne Zha bolsters firm's efforts to boost presence in nation

Apart from manufacturing, Ma said the firm has just established an "intelligent retail strategy unit" providing data-based digital solutions for retail and commercial property clients.

Apart from the US, key pork exporters like the European Union and Brazil are also expected to ship more meat to China this year as the ASF outbreaks curb production, according to Rabobank.