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"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary.

"Compared with internet companies, our giant hardware base is the biggest edge in promoting Harmony. We ship about 300 to 400 million units of hardware every year, including smartphones, personal computers and smartwatches," Yu said.

"Considering the high proportion of small businesses from the Chinese mainland that sell online and utilize other digital technologies, there are opportunities for reputable financial institutions to apply financial technologies and big data analysis to make it easier for small business to access finance," Chan added.

"City clusters and multi-airport systems are the essence and trend of global city development," he said.

"China's economy, despite downside pressure, is likely to remain steady this year, as external headwinds may ease in the coming months and the effects of countercyclical macroeconomic policies gradually appear."