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"China has not approved new nuclear power sites for two consecutive years, since Guangdong's Huizhou and Fujian's Zhangzhou in 2019. Nuclear power will help decarbonize China's power and heating sector, replace some of the existing coal powered-consumption and meet increasing energy demand, which is embedded in China's economic shift to services-led industries," said Wei.

"China lacks forest and timber resources, but is rich in bamboo. Expanding the use of bamboo is important to promote the paper-making industry," said Wu Hejun, chairman of Sichuan Yong Feng Paper Industrial Co.

"By liquidizing remnant assets, these companies reduced around 20 percent of financing through traditional approaches and saved a total of 500 million yuan in interest (payments)," Zhang said.

"Certainly, it will help propel us. To sustain supply means increased production capacity, rebranding among other things," he said.

"China is a very important market for Saint-Gobain. It currently represents 4 to 5 percent of Saint-Gobain's global sales, which is still a small percentage compared to the importance of the Chinese economy in the world," said Javier Gimeno, chief executive officer of the company's Asia-Pacific operations.