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"China's economic development has an obvious characteristic, which is mentioned in the report, the rise of city clusters," said Pei Changhong, former director of the Institute of Economics at the Chinese Academy of Social Sciences.

"China's process industry is catching up to the rest of the world in terms of sustainable, high-quality development, yet many companies don't know how to well structure the strategy to execute it," said Chen Yan, vice-president and general manager of Honeywell Process Solutions, China.

"Compared with Western markets, the standardization of China's movie industry is still in its infancy. But digitalization is fueling fresh momentum and can help us narrow the gap sooner," he said.

"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.

"Class boycott affects school operations and deprive students of their opportunities to study properly," Yeung said, adding that if class boycott is wrongly thought as a way to fight for certain demands, it will continue to happen with far-reaching impacts on schools and students.