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As for businesses which used to be hit by the prevalence of internet technologies, positive changes are also showing up to inject new vitality. Brick-and-mortar stores, for instance, are starting to benefit from e-commerce behemoth Alibaba and JD.com Inc's efforts to develop the so-called new retail experience.

As an English major, Fang was in charge of editing English articles and giving delegates tips about their stories.

As for business models, the country's big-name tech firms have become a magnet for international professionals.

As a result of the government push, as well as better education, consumers are asking for more high-end, high-quality and healthier products. At the same time, China is getting ready not just to supply products for internal consumption, but also finished products to countries and regions related to the BRI.

As a result of these changes, Citi China has lowered operating costs for its card business. The bank also expects to see its consumer franchise revenue growth hit double digits over the next three to four years, according to Buckley.