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"Convenience store operators' large scale in the country has provided investors returns," said Pei Liang, secretary general of the China Chain Store & Franchise Association. "The new momentum coming from internet giants' involvement has intensified competition and altered the layout of the sector."

"Competition in the retail market has been intensive and independent oil companies are also expanding their retail networks to compete with the State-owned ones," she said, adding that Sinopec's retail volume fell 3.47 percent year-on-year in the first quarter.

"Chinese authorities at all levels have rolled out measures to help travel businesses recover their operations," Dai said.

"Corruption at people's doorsteps will seriously undermine their sense of gain and happiness, and needs to be tackled with greater efforts. More measures should be carried out to combat corruption and problems with the work style of officials in the field of poverty alleviation."

"Chinese tourists will be able pay for various hospitality services using Alipay and WeChat Pay," he said, noting that East African traders will be able to purchase goods from China using the Chinese mobile payments.