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"But when prices of companies stop declining and start to rebound, it is a clear sign of bottoming out. As long as these companies are healthy at the financial and operational levels, investors can feel confident to hold a long position on them. In the long run, China's A-share market will pick up slowly but the bullish performance can be expected for about 10 years," he said.

"But more significant steps are needed if policymakers want to stabilize growth," he added.

"But not anymore," said Chua, adding that starting from 2015, the company has been offering more value-added products when doing business with its customers.

"But they have to take a step back ... and look at the facts."

"China is also working on five other international standards in the sector, and is the convener of two working groups on UAS in the International Organization for Standardization," said Shu.