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"Government and big market players like Tencent, Alibaba, Baidu and Ping An do not just talk the talk, but they walk the walk. The major new technologies are not concepts on paper. Millions of people across the country are actually using them," Atzmon said.

"For example, our index agrees with both the Barclays and the Bloomberg indices in estimating Chinese growth to have been around 11 percent in 2007, and not to have experienced a substantial spike before the financial crisis, while the official GDP series records growth as spiking from 12 to 15 percent between 2005 and 2007. However, our predictions for current Chinese growth rates are above those of market participants, as well as of the Chinese government itself," the report said.

"For investors, the continuous stimulus from national policies reducing taxes and fees, expanding opening-up and encouraging scientific and technological innovation, especially the launch of the sci-tech innovation board or STAR Market, will undoubtedly be the highlights of the venture capital market in 2019," said Gao.

"Global buyers have shown great interest in participating in the fair, although the global economy is still in a downward trend due to the COVID-19 pandemic," said Xu.

"For global brands, stepping into China through cross-border e-commerce means more than just market expansion," said Zhang Tianbing, Deloitte Asia-Pacific Consumer Products and Retail Industry Leader. "It requires a combination of digital resources and approaches to connect and interact with consumers, and satisfy their demands promptly, accurately and efficiently."