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"China's global role has evolved from a low-cost manufacturer in the late 1990s to the world's growth engine around 2010, and now an unarguably global innovation engine, especially in areas such as high-speed trains, electronics, large passenger jets and nuclear power technologies," he said.

"China's exports are of good quality and reasonable prices. We have seen from the experience of the last financial crisis that Chinese exporters have enough flexibility and resilience. With policy incentives, Chinese exporters will find new markets within two or three years' time," he said.

"Computing capacity plays a crucial role in the construction of new infrastructure and the development of the digital economy," said Ren Jingyang, senior vice-president of supercomputer manufacturer Dawning Information Industry, also known as Sugon.

"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.

"Concert tours and music festivals are very important points of revenue and music consumption," said Lai. "The months of May, September and November are the peak periods for live performances. There's a festival almost every weekend through those months," she added.