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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.

"Companies with continuous losses and high debt-to-asset ratios will face risks, along with private construction, coal, logistics, real estate, and small thermal power companies," he said.

"Chinese customers have higher demands of intelligent appliances. After all, the average age of Chinese customers is more than 10 years younger than developed countries."

"China's unprecedented economic growth over the past 40 years is a testament to the importance of an economy embracing global business and international markets. Over the past half century, China has transitioned from a closed, agriculture-based economy to one that is vibrant and deeply connected across virtually every sector in the world," she said.

"Chinese travelers like to shop and they stay longer, and such contribution to the local economy is significant," Guevara said.