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"From the mid-to-long term perspective, the application of blockchain technology is crucial. It is key to the companies' performance as well as the success of their investment," Yang stated.

"Globalization has always been one of our main development strategies, and Babytree's vision is to become a global company addressing the needs of young families in international markets," Wang noted.

"Growth is expected to moderate gradually in China (although with a slight upward revision to the forecast for 2018 and 2019 relative to the fall forecasts, reflecting stronger external demand)," the IMF said in its World Economic Outlook update released in Davos, Switzerland on the sidelines of the World Economic Forum.

"Fixed asset investment will play a more important role in supporting economic growth," said Sheng Songcheng, the former head of the statistics and analysis department of the People's Bank of China, the central bank. "Supported by a more proactive fiscal policy, infrastructure investment will rebound with robust growth rates this year."

"GIFT IFSC provides a huge competitive advantage in terms of tax structure and supportive regulatory framework, which is comparable with other global financial centers," he said, adding that other advantages include the waiver of taxes such as the security transaction, commodity transaction, dividend distribution and capital gains taxes, as well as the goods and services tax.