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But the impacts should be limited as the overall low market valuation can shield the risk of a market crash, while the rather ample room for monetary policy measures will help the economy withstand a potential global economic recession, Xue said.

By acquiring stakes in brick-and-mortar malls, data-rich companies such as Alibaba, JD and Tencent help retailers merge online and offline resources with the aid of AI, big data and cloud computing technologies.

By bringing the manufacturing capabilities of Nestle Health Science and Nestle Skin Health to China, he said Nestle is in a stronger position to enhance the company's product offering and cater to consumer expectations for a good life.

By 2016, 1,184 foreign-funded companies registered in the zone, accounting for 50 percent of the foreign firms in the city. The area is also home to 1,272 financial institutions, according to Yang.

By June 30, 2019, CGN Power managed 24 nuclear power units that are already in operation, with a total installed capacity of 27.14 million kilowatts. Four other units are being built with an installed capacity of 4.6 million KW.