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"China's consumption has huge potential," Sheng said.

"China's steel and iron sector has been experiencing a sluggish market this year. Producers should step up efforts to reduce costs and seek new revenues," Wang of the Lange Steel Research Center said.

"China, as the second-largest energy consumer globally, has a huge demand for energy. Thus, promoting methanol fuel as an alternative is important to reduce the country's dependency on imported resources," He said.

"Contradiction between the US and DPRK is the core of the Korean Peninsula issue, as direct parties, the two countries should enhance mutual understanding and build mutual trust through dialogue to create conditions to finally resolve the issue," he said.

"China's economic expansion slowed in line with expectations, and conditions will be weaker in the second half as China is carrying out deleveraging moves, and the trade conflict between the US and China is uncertain," said Gao Ting, head of China market strategy at UBS Securities.