Xu Gao, chief economist at BOC International (China), said economic fallout from the outbreak should be short-lived as stringent control measures may help curb the epidemic's nationwide spread as early as this month.
Xiao said in the era of globalization and information, the culture industry will embrace numerous opportunities.
Xu Lei, chief executive officer of JD Retail, said with the ongoing consumption upgrade in China, high-quality and imported products are favored by consumers. Moreover, sales from lower-tier cities and towns had witnessed robust growth during this year's June 18 shopping gala, Xu added.
Xu also expected to see more positive changes in the country's lending structure, with private and small enterprises accounting for a higher proportion of the total value of new loans.
Xi, general secretary of the Communist Party of China Central Committee, expounded on the idea while delivering a report at the 19th National Congress of the CPC in Beijing in October.
Xie Yuan, an AI expert and professor from the University of California, Santa Barbara, said earlier that because young Chinese researchers' work on AI hardware architecture has reached a world-class level, there is a huge opportunity for them to lead in the high-tech field.
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Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in a speech to a festival reception in Beijing Wednesday, extending Spring Festival greetings to all Chinese people.
Xu Lingjuan, a tour guide from Ctrip, recently finished a nine-day group tour from Shanghai to Turkey on Thursday. She said that the falling exchange rate lured more travelers to buy luxury goods there.
Xi, also president of China, said as part of the task to build a modernized economy, the country should use innovation to lead the development of various sectors; and push the incorporation of the internet, big data and artificial intelligence with the real economy.
Xiang Chen contributed to this story.