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"Having passed the stage of massive expansion to meet growing demand, the industry is relatively stable in both production and consumption, which opens a window for capable companies to expand, with deal momentum surging in the next few years."

"Further institutional opening up will present significant business opportunities for foreign companies and investors," Zhang said.

"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"First, I had to obtain a tax certificate from the tax department and submit it and other financial statements to the bank for approval. The process took more than one month, but now I can borrow money in minutes by phone after registration," Cheng said.

"Grape groves need to be continuously shovelled to provide the necessary soil aeration and facilitate water absorption of the roots," a task which is very arduous to do with traditional plowing tools, he explained.