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"Coking coal is fairly generic and very common around the globe but the metallurgical coal is where they are getting their margins up."

"Chinese consumers in particular welcome new technology and are very open to trying the new and the best," Tsien said.

"Chinese entrepreneurial ecosystem is huge as most valuable AI companies in computer vision, speech recognition, drones are all Chinese companies today," Lee added.

"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.

"Chinese mainland people are used to paying for things with their phones, so it will be like home for them," Wei said.