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Coca-Cola China has been working closely with online shopping and services platforms such as Meituan Dianping and JD.com this year to tap the potential of online consumption.

Cobots could help Chinese robot manufacturers to wrest back market share from their international counterparts, he said.

Common prosperity

Compared with the boom in online business, China's largest second-hand car market, the Huaxiang market in southern Beijing, which has a cluster of over 600 shops, is seeing less shoppers.

Compared to developed countries such as the United States, however, the service sector's contribution to GDP in China remains low. But the sector has huge growth potential as it becomes increasingly attractive to investments.