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"China will never close its door, and will instead continue international cooperation under the Belt and Road Initiative with the principle of achieving shared growth through discussion and collaboration," Yang said.

"Chinese consumers are shopping across seven different store types and we believe there are still opportunities for brick and mortar retailers," said Jason Yu, general manager of Kantar Worldpanel China. The key is how the retailers adjust to the changes in China and revise their store formats and accelerate digitalization.

"China still has sufficient policy tools to handle possible shocks," Zhang said at the China Finance 40 Qujiang Forum in Xi'an, Shaanxi province, on Saturday.

"Currently, China Mobile, the country's largest telecom operator, has as many 4G base stations as those of China Unicom and China Telecom combined. That could also be the case in terms of 5G base stations in the future," the research note added.

"Compared with highland barley, I earn much more from selling strawberries," she said, adding that a kilo of strawberries sells for 60 to 80 yuan. She also opens her greenhouse to the public, with the price of self-picked strawberries set at 100 yuan per kilo.