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"Cross-border yuan settlements will not only lower the risks from currency rate fluctuations, but also lower exchange costs for various currencies and improve trading efficiency," said Wang.

"China's rapid advancements in digital economy and local companies' readiness to embrace cutting-edge internet, artificial intelligence, big data and cloud technologies will help expedite industrial upgrading," Qin added.

"Chinese companies have gained an upper hand in large-screen LCD displays. South Korea's Samsung and LG have announced they will exit from the LCD sector, which means Chinese panel makers will take a dominant position," said Li, adding that the South Korean firms will focus on OLED and QLED(quantum dot light-emitting diode) displays.

"Customers are more conscious of brands. So, informative labels on products can increase customers' loyalty," said Li.

"China's credit rating market is in the very early stages of development, and it lacks a mature credit system and a proper risk pricing mechanism," Kong said.