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"China's emphasis on robust policies for imported consumer goods has boosted confidence in the sector and stimulated consumers' appetite. At the same time, consumers' desire for diversified, personalized and quality goods is being increasingly satisfied and unlocked," said Zhang Tianbing, head of Deloitte Asia-Pacific consumer products and retail industry.

"Clouds are on the horizon" for California especially if the trade war intensifies, said Jim Doti, chair of business and economics at Chapman University.

"China wants to become less dependent on the US and other Western suppliers," he said.

"China's property market will shift from extensive and rapid growth to more sustainable growth in the following years," said Yao Yao, head of research for JLL China, a real estate agency.

"Compared with Hollywood, there are not many box office blockbusters among made-in-China movies. But China is on the right track by attracting more experts in the field and continuing to optimize its systems and policies for the film industry," said Feng Wei, vice president of the Asia-Pacific region and president of the Greater China region of the Motion Picture Association of America.