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"But now our challenge is to make correct decisions for future competition, but you never know what your decisions made today may mean three or five years later," he said.

"China has rapidly emerged as a global leader in the consumer-driven digital economy. The next wave of digital transformation in China is likely to lead to the restructuring of value chains and boosting of productivity through broader adoption of digital technologies by businesses," said Sha Sha, senior partner of consulting firm McKinsey & Company and managing partner of McKinsey Digital Asia.

"But new energy development has great potential in Shanxi, especially as the province is seeing declining coal production," Wu said.

"China lacks various esports talents, such as players, tournament operators, gaming developers and business developers. We need more professional educational organizations instead of the so-called esports training organizations that induce students to drop out and play games," Wang added. "And local governments need to keep a rational attitude, taking into consideration their own conditions."

"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that 69 percent of adults around the world, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.