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"China's AI industry is booming," Zhang said. "There are always arguments that there will be companies that will not survive. Maybe, 90 percent will go to the wall."

"Customized business tours have a huge potential, and it won't be long before this segment occupies half of the overall customized tour market," said Xu Zhiyun, CEO of Ctrip's customized tour business, at a news conference.

"China's digital economy has scaled up from 11 trillion yuan to 35.8 trillion yuan, accounting for 36.2 percent of the GDP," Xiao added.

"Competition in the home appliance sector is highly fierce in China. In terms of volume, the market demand in China has entered a stable and mature stage after a slight drop recently. But in terms of value, the market scale of China is growing constantly at 4 to 5 percent annually," he said.

"China's economy will face a number of challenges, particularly from external factors, so stability will be the main priority," he said.