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"Foreign companies are inclined to invest in China's high-end and consumer-oriented manufacturing and service business, as they are gradually moving low-end factories and heavily polluting businesses to other emerging markets," said Daniel Starta, managing director for China of the US-based consulting firm AT Kearney.

"For those who run small and medium-sized businesses, many still lack innovative thinking. We will ask the industry giants to share their experiences, aiming to help those entrepreneurs to be ahead of the game."

"For 2019, we see another year of volume growth as we continue to benefit from our strong product program and increased capacity," he added. "But we have to be realistic and acknowledge that margins will remain under continued pressure."

"First of all, the targeted customer group should be determined, and the portfolio of products should be differentiated so as to bring about new shopping experiences. Second, online retailers must do well in supply chain management, balance the online and offline prices of products, as well as consider cost structure to gain profits," Mo said.

"Global economic recovery depends on how the world can work together to contain the coronavirus," he said. "Without firmly containing the pandemic, it's very difficult to have a full, sustainable and quality recovery."