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"Currently, technical workers working in the frontline still have comparatively low incomes and limited choices of development of their career path," Wang said. "It is important for the government to come out with more policy incentives and to build a population of technical professionals that can meet the demand for China's industrial internet development."

"China wants to be the leader, not the follower in the generation of 5G," said Richard Yu, the CEO of Huawei's consumer products division, who made the speech. "We were late in the 3G development, but we caught up with others in 4G and will be the global leader of the ICT (information and communications technology) industry in the era of 5G."

"Chinese parents realize that it will benefit their kids more if they start to learn English as early as possible," said Cao Wei, general manager of Firstleap Education, a subsidiary of TAL Education Group, a domestic education and technology firm.

"Chinese customers have very deep trust in key opinion leaders (or KOLs) and this psychological bond can be partially explained by the pseudo-intimacy created by social media," she said. "Social media make you feel like influencers are friends as you know who they are in real life, thanks to the details of their daily lives shared through Weibo, WeChat and live streaming apps."

"China's growing demand for high-value-added products and services, especially for its automobiles, home-related service businesses and manufacturing projects, offers many growth points," Tyroller said.