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"China will play an active and vital role in prompting the development of the semiconductor display industry, which has a high entry threshold and needs high investment," Li said, while noting China has the best chance of making a breakthrough in this field and expressing confidence in the prospects of the high-tech industry.

"China's energy mix has continued to improve, with the acceleration of greener growth and a low-carbon model," Li said.

"China's advantage in foreign trade can be found in technology upgrading, brand, quality and services, rather than low prices for the next stage, although developed countries are trying to maintain and enhance their strength in middle and high-end product industries," said Zhang.

"Chinese carmakers cannot rely too much on their joint ventures for profit, which means they have to work harder on their own models. This will help cull the incompetent but cultivate the competitive such as Geely," Zhang said.

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.