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"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

"Cross-border cooperation in terms of the supervision over listed companies' information disclosure will help protect investors' rights. But according to the Chinese law, the exchange of audits should be carried out via supervisory bodies, which conforms to international practices," said the regulator.

"China regulations are also so strict that in many cases, they are even more strict than in central Europe or Finland. It's good for the whole industry to have more firms operate in a sustainable way," said Nikkila.

"China will push for the development of energy-saving, environmentally friendly agriculture, expand pilot programs to replace chemical fertilizers with organic alternatives, and speed up efforts to utilize agricultural waste," he said.

"Currently we are going through one of the biggest slowdowns that we have seen in recent times," Pawan Goenka, managing director at automaker Mahindra said earlier on Wednesday after the company reported a quarterly profit.