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"Chinese beers are encountering a significant premiumization over the past few years as Chinese consumers become more sophisticated," said Andre Feldmann, director of Asia Operations at Barth Haas Group, a supplier of beer hops.

"Cooperation is necessary in this aspect. You know smart cars are difficult for one carmaker to develop no matter how big, and carmakers will feel a little worried if they rely too much on platforms of tech giants like Google or Baidu."

"China, the world's second-largest economy, is capable of absorbing the short-term hit with a strong material and technological basis as well its very large market," Li added. "And many sectors emerged as beneficiaries of the recent outbreak, including online shopping, fresh food e-commerce, online education, online medical services and telecommuting."

"Cultural consumption deserves our careful study. It should receive as much attention as the consumption of goods and tourism because it contributes to improving people's livelihoods and countering downward pressure on the economy," Li said.

"China's economic growth is not confined within its borders," Lajcak concluded. "As a multilateral player, China is sharing its wealth and best practices through the Belt and Road Initiative."