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And while UK mobile operators can continue to work with Huawei, the government has stipulated that in three years' time Huawei must operate within a market share cap of 35 percent.

And, Saman Pouyanmehr, from Iran, founder and CEO of the GFYE and a recent graduate of the UIBE with a major in finance, said: "China is a unique country that offers unique opportunities and values to entrepreneurs for realizing their goals. I'm very happy that I'm in China at the same time that the Belt and Road Initiative is growing. China soon will be an influential country in the digital economy era through integration of Chinese and foreign talents, and also by introducing world-class startups. The biggest opportunities for entrepreneurs are here."

And silk continues to dominate the local economy.

Analysts said such a move will undoubtedly increase global burden, as there is already a fragmentation of supplies and trade volumes are dwindling amid the novel coronavirus outbreak.

And China has a unique advantage in using technologies to drive business model innovation. Such digital makeovers, plus a glimpse of successful business cases like Disney, may catapult Chinese cultural and entertainment firm to the global forefront sooner than expected.