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Digital economy has contributed over 30 percent of China's GDP (74.4 trillion yuan or .2 trillion in 2016). This number is expected to be over 35 percent by 2020.

Developing digital and intelligent lighting products and comprehensive lighting solutions will be of key significance for Ledvance, a global lighting provider based in Germany, to expand its market presence in China, according to a senior company executive.

Diners relish wide variety of styles

Domestic consumption and investment have provided a strong growth foundation and in some countries, growth is even accelerating, he said, adding that ADB forecasts that the region's economy will expand by 5.7 percent this year.

Ding suggested investors keep a close watch on the companies from the emerging industries that are still undervalued. Companies specializing in big data, cloud computing, artificial intelligence, high-end equipment manufacturing and biological medicine will help to boost the performance of the stock market.