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"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Facing a complicated and grim international situation and severe global economic recession, global trade and investment continues to be at a low ebb," Tang said.

"Every time I have attended the TAC conference, I have been extremely impressed by the themes you have chosen for your conferences, and this year's theme is indeed no exception, mirroring as it does 70 years of development of the People's Republic of China," he said.

"Everyone in my business in the US is aware of Gree," said Mike Shea, president of Atlanta-based Tom Barrow Co, sales representative for commercial heating, ventilation and air conditioning (HVAC) manufactures with more than six decades' of experience.

"Domestic policies have gradually taken effect. In addition, domestic policies are leaning toward the demand side. It is expected that in the fourth quarter, driven by the recovery of infrastructure and consumption, the PMI will be in an upward cycle as a whole, fluctuating around 51. However, it may experience some fluctuation in the short term, considering the fact that the pace of overseas economic recovery has slowed down," he said.