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"China will embark on large-scale 5G network construction next year. This will further the use of the cutting-edge technology in more traditional sectors and lay a sound digital infrastructure for manufacturing upgrades," Wang said.

"Chinese handicraft art is an important heritage of mankind," Zhao said. "We have the important responsibility to act as the communicator and promoter of Chinese culture overseas."

"China's determination to reform and open up has given us confidence in expanding our business in China," said Duan.

"Chinese consumption for fine fragrance is still at its early stage. It may take another five to 10 years for the Chinese market to become mature enough, which in turn provides many opportunities for Chinese and international brands to exploit," Cai said.

"Compared with the previous round of property development, which is mainly fueled by investment, the new round of development is driven by consumption," said Nie Meisheng, founding chairman of China Real Estate Chamber of Commerce, at the 2020 annual meeting held from Dec 13 to 14. She also said digital technology will play a pivotal role in empowering buildings and communities.