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"Companies all applaud such regulations, which save time and costs. The entire medical device industry in the Suzhou FTZ Area will thus be boosted," Sun said.

"Consumption of gold jewelry may continue to grow in the second quarter, after the 4.18 percent year-on-year growth in the first three months," said Zhu Yi, senior analyst of metals and mining at Bloomberg Intelligence.

"Consumption spending in both the home and global markets is expected to rise at a fast pace this year, pushed by China's ongoing consumption and industrial upgrading, as well as the emergence of new industries, including e-commerce, 4G and 5G technologies, mobile payment, virtual reality and the sharing economy," said Zhou.

"Chinese companies need to join forces in overseas expansion, and beef up their respective advantages. They should keep away from vicious competition," he added, referring specially to a previous irrational investment frenzy.

"Currently those countries incinerate about 65 to 70 percent of their total waste, with daily production capacity reaching about 800,000 tons each. China is likely to hit this level by 2025. Now China's waste-to-power development is seeing steady progress, and has a relatively mature industrial value chain and technologies. Going forward, more effort is needed to advance current technologies to raise incineration efficiency and reduce emissions, as well as reduce costs to promote waste-to-power development in rural, less-developed areas," Zhang said.