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"Eastern and southern provinces, like Guangdong, used to be big attractions for migrant workers. However, the economic slowdown triggered the upgrading of many labor-intensive jobs into more technological ones, saving labor costs," Wen said. "Then, the factories were mostly moved to central and western regions. That's why the western provinces registered such a remarkable increase in migrant workers."

"Even though the unemployment rate has come down, unemployment is still close to where it was during the worst of the Great Recession," she said.

"Faced with these challenges, we keep our positive expectation on the Chinese economy. It is able to avoid serious capital market fluctuations, based on its huge household savings and sufficient exchange rate reserves," said Jing Ulrich, managing director and vice-chairman of Asia-Pacific, JPMorgan Chase.

"Electric vehicles are a global trend. It's going on everywhere. Everyone is going toward electric vehicles. We are excited about bringing an electric vehicle to the market as well. And the EQC electric vehicles will be good for Mercedes as well," Exler said.

"During the COVID period, the importance of skin care has gone up even more," said Seth.