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Apart from clubs themselves, the league is also helping out. To ensure its sustainable development, the KPL has been working with the clubs to nurture talent, with players assigned professional training sessions, coaches and data analysts.

Apollo Intelligent Travel Technology (Guangzhou) Co Ltd, a subsidiary of Baidu Apollo, won the bid of an intelligent transport project regarding self-driving and vehicle road coordination, which is valued at nearly 460 million yuan ( million), in the Huangpu district of Guangzhou.

Apart from reducing overcapacity, China has reduced market thresholds and cut taxes and fees for businesses, Li noted.

Another driver of trade between the two sides is the interconnectivity in electronic manufacturing between China and countries like Vietnam, Malaysia and Singapore along the global supply chain, said Li. Integrated circuits, for instance, saw imports from and exports to ASEAN grow 23.8 percent and 29.1 percent in the period.

Another reason for the rising price from January to May is that China has eliminated capacity by closing many illegal factories, said Zhan Sheng, a nonferrous metals expert from JZ Investment.