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Chinese smartphone makers are scrambling to work on 5G and artificial intelligence technologies, in the hope of quickly applying these cutting-edge technologies to their products.

Chinese women's success at the workplace can be seen at more than just startups. A report compiled by the Economist Corporate Network in early March said the percentage of women on senior executive committees or boards is 11 percent in China, much higher than the 3 percent in Japan or the Republic of Korea.

Christianson expects consumption to continue to play a key role in stabilizing growth, and exports to pick up on the back of the global recovery, which will combine to ease downward pressure from slowing investment in infrastructure and the housing market.

Chinese restaurants have prospered in the US for more than 150 years.

Chinese stocks rose on Thursday, with the benchmark Shanghai Composite Index up 2.13 percent at 3,090.57 points.