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"China's industrial development is improving month-by-month as a slew of policies by the government take effect," said Xin, adding that some changes also took place.

"Crucially, the effort has been complemented by large-scale testing, including the start of randomized screening in select provinces, and systematic tracking via mobile phone apps to rapidly trace the contacts of any new positive cases," the experts noted.

"Cross-border e-commerce can be an ideal way for foreign companies to debut in China thanks to easier access, lower costs and reduced time for market entrance," said Zhang Tianbing, Deloitte Asia-Pacific consumer products and retail industry leader.

"China's smart cities market is projected to increase about 30 percent year-on-year in 2018, and all the provincial and sub-provincial cities have launched development and construction for smart cities, with more to follow suit," said Pierpaolo Franco, managing director of London-based Royal Institution of Chartered Surveyors, Greater China.

"Consumers could not only buy fresh food from us, but also adult products, maternal, baby and female necessities, and other daily household products," said Hou Yi, CEO of Hema, at the second new retail summit in Shanghai held Jan 10-11.