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Analysts say the new rules will benefit China's NEVs industry, prompting auto manufacturers to upgrade technology to meet the subsidy requirements.

And with China's deeper engagement with other countries, companies are seeking new opportunities in the global market. The Belt and Road Initiative, proposed by China in 2013, is one strategy in which businesses see huge potential.

And asked on Tuesday whether Trump plans to get tougher on China or on automakers who leave the US, White House Press Secretary Sean Spicer said the president wants to lower business taxes and reform the tax code so businesses will want to "come back to the United States, grow in the United States, manufacture more in the United States."

Angang Steel Company said its net profits would rise 236 percent to 3.3 billion yuan (7.7 million) during the first three quarters on recovering market demand and cost-efficiency moves.

Analysts said the nation's newly-announced policy package to bail out businesses will help sustain the revival in industrial profits, with sectors related to the economic upgrade set to outperform.