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"Competition will also lead to cheaper battery prices and more industry consolidation, and the rest of the domestic battery manufacturers will have to fight more fiercely for market share."

"China's 18 railway bureaus could be consolidated into three railway corporations in the northern, central and southern regions," said Zhao. "The three corporations could be in charge of their own region and could have independence in asset management. They must compete with each other to stimulate new growth points."

"Crucially, consumer spending is catching up after a slow start and complementing what has been an industrial-led recovery," the report commented, foreseeing retail spending to get a boost from the Singles' Day shopping festival, which fell on Nov 11.

"Chinese startups are gearing up to change the game of starting a business abroad. This is the right time for Chinese startups to venture overseas," said Zhou Wei, founding partner of Beijing-based CCV.

"Congressman Dingell died peacefully today at his home in Dearborn," the office of his wife, Congresswoman Debbie Dingell, said in a statement.