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"Consumer demand of the 1.4 billion population is changing, and the Chinese people need more imported goods to meet their demands, which means a huge potential for growth," said Victor Gao, vice-president of the Center for China and Globalization.

"China's cross-border e-commerce is thriving, which brings about huge opportunities for Chinese enterprises. But, it also brings about new issues and challenges. By leveraging Amazon's global network and resources, we could provide customized solutions to meet the needs of Chinese sellers and cultivate cross-border e-commerce talent in China," Dai Jingfei, vice-president of Amazon China, said.

"China's relative successes in dealing with two major global crises in the past dozen years certainly stand in sharp contrast with the approach of other leading nations," he said.

"China's healthcare demands are fast exceeding the supply. The number of national 3A-grade hospitals is not enough. Even if the government has been trying to solve the problem, the efforts will take several years. AI can help doctors to be more efficient, before, during, and after the diagnosis procedure," Chan said.

"Currently, China is still at the very early development stage of a cat economy," Peng added. "More efforts are needed to tackle problems, such as expensive medical bills and low-end food processing."