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"Even when I was in middle school I was always thinking about setting up a business," she said. Her parents are herders near Lake Namtso, north of Lhasa, capital of Tibet.

"Developing in China is not merely for growth. As China spearheads the world in innovation, doing business here has contributed and will contribute greatly to our continued growth globally," said Naoko Hase, head of the corporate strategy division at Shiseido China.

"During the process, many foreign companies will spend more than 3 percent of their total revenue on digital transformation. Chinese firms, on the other hand, may spend 1 percent to 1.5 percent of their revenue for the same," Sun said. "It is a good thing that more and more Chinese companies now consider digital transformation a priority. But it will still take a long time for them to increase the IT spending and finally enter the mature period when the integration of IT and the firm's business will foster new opportunities and generate new revenue streams."

"Every market has its own features, so it is almost a one-size-for-one approach," Yang said.

"Everyone around me is sending their children to private training institutions. I can't help thinking that I would somehow be failing my daughter if I did not send her to the classes," Wang said.