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"China will step up the in-depth crackdown of the banking sector, while improving its regulatory regime in 2018," said Zeng Gang with the Institute of Finance and Business under the Chinese Academy of Social Sciences.

"China's digital transformation has developed at an unprecedented speed, and has created huge and valuable opportunities. The Chinese market has become one of our largest markets globally," said Kang Rong, vice-president of Microsoft China.

"China's manufacturing industry had just begun accelerating its development back then. I usually took the train from Nanning to Shanghai to purchase cloth and then came back to Vietnam through Pingxiang," said Trieu.

"Crucially, the effort has been complemented by large-scale testing, including the start of randomized screening in select provinces, and systematic tracking via mobile phone apps to rapidly trace the contacts of any new positive cases," the experts noted.

"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.