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"China's tremendous success in lifting the majority of the underprivileged people out of poverty in over a little more than 30 years is a feat that is unparalleled and truly inspiring," said Mark van den Boogaard, senior policy adviser for the United Nations Development Programme.

"Chinese companies, especially private enterprises and SMEs, should not be anxious or impatient. Opportunities still outweigh challenges for Chinese manufacturers to go global in the post-COVID-19 period."

"Chinese mobile operators should be encouraged to deliver what they do best in providing secure, reliable, and intelligent connectivity to businesses and enterprises across the country," said Granryd.

"Culture plus high-tech" is the direction for the old factories' transformation, Liu said. For instance, E9 Zone, an innovation park in Chaoyang, has attracted 80 companies to locate there; half are in the cultural industry and more than 30 are science and technology companies.

"Compared with the approval system currently adopted by the A-share market, the registration system will rely more on the market to judge the value of listed firms. This means related provisions must be revised to ensure investors are well-informed," Wang said.