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"China is a very important market for Saint-Gobain. It currently represents 4 to 5 percent of Saint-Gobain's global sales, which is still a small percentage compared to the importance of the Chinese economy in the world," said Javier Gimeno, chief executive officer of the company's Asia-Pacific operations.

"China has now become the second-largest economy, and in the coming decades it will be the largest economy. So, China's leadership has much more responsibility down the road," he said.

"Catering firms, including milk tea makers, are facing certain pressures due to the impact of the epidemic, and they are keen to expand online sales channels. For milk tea brands, it is inevitable that they should expand into new retail channels," said Wang of Frost & Sullivan.

"China now plays a critical role in the global digital landscape. The majority of future digital innovations in the coming years will come from China and Silicon Valley," said Arndt Groth, former president of the Bundesverband Digitale Wirtschaft, Germany's leading digital marketing association.

"China already is seeing a batch of world-class companies arise on the horizon," said Wang.