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"Currently, China is still at the very early development stage of a cat economy," Peng added. "More efforts are needed to tackle problems, such as expensive medical bills and low-end food processing."

"Currently, we do not have a facility in Australia to test wind turbines before connecting to the grid and so we must do this in the United States or Europe, which is very expensive -- and the foreign electricity grids don't perfectly mimic the Australian system," Dong explained.

"China's urbanization is related to rural dwellers' flocking into cities, the innovation of real estate market, as well as infrastructure construction, which has been an important driving force for China's urban development in the past 40 years," Huang said.

"Chinese companies have been investing large amounts of capital in Belt and Road projects. If Chinese stock exchanges forge good cooperation with local exchanges outside China, or own stakes in them, it will help such projects to access finance through local exchanges," Dong said.

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.