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"Companies that aim to invest overseas should have a long-term vision, and not to focus just on short-term profits," he said.

"Consumption has contributed at least 75 percent to China's GDP growth for the last five consecutive quarters, despite slowing since the second quarter of 2018. Going ahead, consumption will become a major incentive to boost China's economic growth," said Zhou Wenqun, a manager at consulting agency Fidelity International.

"Customers aspire for something not necessarily exclusive but unconventional. This is when influencers kick in, with consumers putting a lot more trust in online key opinion leaders in their decision-making journeys," Shen said.

"China should maintain equilibrium among the indicators of growth, employment, prices and the international balance of payments. Industrial modernization should be promoted with intelligent production and core technology.

"Considering the fact that government expenditures on social security accounts are more than 20 percent in some countries, such as the United States and Germany, China still has potential to invest more," he said.