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"Decision-makers need to know when to launch viral marketing and when they can make real money out of their audience base," said Zhang, founder and CEO of data service company GrowingIO Corp Ltd, at an open forum held by Cheung Kong Graduate School of Business (CKGSB) on Saturday.

"Digital economy is driven by deep integration of the next generation of information and telecom technologies with real economy. It's not only an important part of building a 'smart society' but a key driver of a digitalized, internet-enabled and artificial intelligence-powered society," said Chen Zhaoxiong, vice-minister with the Ministry of Industry and Information Technology.

"During imperial years, when the royal family needed more space for palaces or resorts, they tended to choose a new area in northwestern Beijing, as in the case of the Summer Palace."

"Cutting the subsidies may not necessarily be a bad thing. It can help weed out the incompetent companies and allow the competitive to stand out," Ma said.

"Did Mr Watters notice the 'Great Wall' that the Chinese nation has built in order to manage and stop the epidemic? Why does Mr Watters pretend to ignore Chinese efforts to protect China and the world?" asked Gosset, a Sinologist.