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"By the end of June, their average stock stood at 28 days, much better than the industry average and the lowest level in 18 months for Changan Ford."

"By the standards of other countries, it (China's growth) is still very impressive," King said, adding that supply-side reforms and monetary and fiscal stimuli are expected to be stepped up over the next 12 months and partially offset impacts of the trade friction.

"By setting up this portfolio, we hope to develop a proof of concept that over time we will mobilize other like-minded investors to join us in cultivating an ESG market in Asia," Lee said.

"China is important not just because of the size of its economy and the huge purchasing power and investments overseas, but also because it is a role model and can give encouragement to neighboring countries, particularly in Central Asia, through a variety of opportunities," Graham said. "Because of this leadership role and responsibility, China's words and actions will be listened to more carefully and scrutinized more carefully."

"But the results from this current bout of weather (from Jan 23 to 28) were far from the severe impact in 2008," said Zhang, the chief forecaster.