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"China's rapid advancements in digital economy and local companies' readiness to embrace cutting-edge internet, artificial intelligence, big data and cloud technologies will help expedite industrial upgrading," Qin added.

"Companies should be clear and transparent with your customers about what you are collecting, how you are using and protecting that data, and ensure that you got consent from them so they have the knowledge that their data are being collected," she explained.

"China will further digitize the registration and licensing of new companies, and gradually make the process paperless and fully intelligent. By the end of the year, the government will also optimize the process and issue a guide for enterprises to withdraw from the market more easily," Zhang said.

"China's outbound tourism has witnessed constant growth in recent years," said Jason Song, founder and chief executive officer of Pkfare, an innovative global travel B2B marketplace targeting air tickets, hotels and destination products.

"Compared with a currency under pressure, the bursting of an asset bubble is a more serious problem, and policymakers need to be very careful about the monetary policy, to prevent tightening too much," said Yoshiki Takeuchi, director-general of the International Bureau of Japan's Ministry of Finance.