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"Currently, the overseas revenue accounted for the education subsidiary's 70 percent of total revenue. In the overseas market, the payment willingness is much higher than that in the domestic market and there are merely restrictions on how long students can use electronic products," Xiong noted.

"Consumption has contributed at least 75 percent to China's GDP growth for the last five consecutive quarters, despite slowing since the second quarter of 2018. Going ahead, consumption will become a major incentive to boost China's economic growth," said Zhou Wenqun, a manager at consulting agency Fidelity International.

"Creating the right environment is important to us as we continue to attract, develop and invest in the staff we need to meet our digital ambitions," he said.

"China will become one of the world's hottest IPO markets," said Amanda Zhang, PwC China private equity partner.

"China's demand for aluminum flat-rolled products will increase from the current level of about 10 percent of the global automotive aluminum market to 25 percent by 2025," noted Pierre Labat, vice-president of global automotive, Novelis.