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"China's philosophies in terms of development are quite impressive and have relevance not only for the Chinese people, but for the welfare of the global community," Isakov said.

"China's audiovisual market is growing rapidly. But now many video platforms are becoming more and more similar to one another which makes them more challenging to user numbers and advertising revenue," said Wei Pengju, director of the Institute of Cultural Economics at the Central University of Finance and Economics in Beijing. Companies in the audiovisual sector are certainly aware of the challenges and are actively seeking solutions. The Xigua video app now targets the new mid-sized video sector to win more users.

"Chinese carmakers at this moment do not possess a thorough understanding of the IoT, or wireless communication technologies, and vice-versa. Those IoT people don't understand auto manufacturing," Guo continued.

"China will stand out with its robust growth throughout our forecast horizon," Molnar said. "In that sense, China will likely remain a greater contributor to global growth than it was in the couple of years prior to the pandemic."

"Chinese wine customers are getting more sophisticated and they are open to new experiences," said Scarpa.