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College and university graduates are facing adequate job opportunities, said the report released Wednesday by Zhaopin.com, China's job recruitment platform, citing a labor market index.

Collone said if bookings do not pick up soon, she will have to let go some of her 16 employees.

Cong Yi, a professor at Tianjin University of Finance and Economics, suggested that the development of an urban nighttime economy should be more targeted and that the culture and tourism industries in cities should be better developed as well.

Compared with most Westerners, Posen said experts at the PIIE have recently been optimistic on China's economy.

Co-hosted by the China Council for the Promotion of International Trade (CCPIT) and China Chamber of International Commerce, the forum has attracted business professionals from different countries.