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As China's property and infrastructure activities are expected to weaken in the second half of this year, the country may face some challenges to maintain stable growth, although manufacturing investment revival, resilient consumption and strong external demand will offer some cushion, said a recent report by financial group UBS.

As Hong Kong's labor and housing costs soared, Wong headed north, spotting Dafen village in Shenzhen. "For a 250-square-meter house in Dafen, the monthly rent was only 1,600 yuan in the early 1990s," he recalls.

Approximately 80.5 percent of them earned more than 10 percent of their revenue from online sales last year, and 84.2 percent of the Chinese mainland SMEs earned more than 10 percent of their revenue from digital payment technologies in 2017, according to the survey. The two ratios in the mainland are the highest among the eight interviewed Asia-Pacific countries and regions.

As China's domestic financial tightening continues, the World Bank expected its GDP growth to slow to 6.4 percent in 2018 and further down to 6.3 percent in 2019.

Artificial intelligence has been playing a prominent role in the battle against the novel coronavirus, as high-tech enterprises launched targeted AI solutions for different virus control scenarios, empowering front-line workers with more flexibility and convenience, according to Securities Daily.