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"China will continue its efforts to build an effective price control mechanism to ensure the healthy development of the real estate market," Wang said. "We will encourage the rental market and speed up the transformation of shanty towns."

"Competition from the rapid development of homegrown brands, multinationals and those who have entered this field from other industries in recent years is normal. It's not a bad idea to goad the players to perform better, to generate new growth points," said Liu, who is also the president of Carestream's Greater China cluster.

"China will step up the in-depth crackdown of the banking sector, while improving its regulatory regime in 2018," said Zeng Gang with the Institute of Finance and Business under the Chinese Academy of Social Sciences.

"Conventional quality inspection uses human eyes, which is unstable, while our application on key automotive parts has a defect recognition rate of 99 percent, enhancing work efficiency by 4 times and saving 80 percent of labor," Han said, adding that the machinery visual technology has already been used by several enterprises in the Yangtze River Delta region.

"China's young luxury consumers are more interested in aspiration than heritage, making it imperative for brands to modernize their stories and deliver them through digital channels," said Luan Lan, partner and leader of McKinsey's apparel, fashion, and luxury group in China.