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"Compared to other O2O home improvement service providers, vertically integrated service providers such as SSLJ have more ability to control the construction and post-contract business opportunities. Therefore, it is expected to have a growth rate of 22.2 percent in the next five years," Zheng said.

"Competition between domestic makers and their foreign rivals is going to become more intense in the coming future. Without comparative edges, foreign smartphone vendors are going to lose even more market share," said Roger Sheng, research director at consultancy Gartner Inc.

"Compared with the last Great Recession caused by the 2008 global financial crisis, what makes the recession this time so 'grand' is not just in terms of how many jobs we're going to lose, but results from the fact that we're going to be led to a historical turning point in terms of geo-economics," he warned.

"Climate change is real. ... We are seeing its impact," he said. "Our oceans are getting warmer, weather patterns are changing dramatically and glaciers are melting at an alarming rate. This grassroots movement is now starting to have an impact on national governments."

"China's swelling middle-income group has rising demand for domestic cleaning, home security and surveillance robots," said Luo Jun, CEO of the Asian Manufacturing Association.