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"Even though many parts of the world are still having troubles with unilateralism and trade protectionism, China and the five-nation union have reached broad consensus on Eurasian economic integration," he said.

"Digital currency has the ability to track money electronically as it changes hands, and it would be useful in anti-money laundering and fighting other illegal activities in the financial services industry," he said, adding China is one of the leading markets when it comes to implementing advanced technologies in the financial services sector.

"Even with the regulatory measures, big companies will have natural advantages. Therefore, small and medium-sized companies will have no choice but to rely on the bigger players to develop. They could even sell their products to their larger competitors," he added.

"Entrepreneurial opportunities in the mobile internet sector are diminishing, because with about six years of development, the sector is comparatively mature and some mega companies occupy most of the market."

"Demand and supply in the manufacturing and services sectors recovered simultaneously in June. As the COVID-19 pandemic dealt a bigger blow to services, the sector has staged an even stronger recovery than manufacturing," said Wang Zhe, a senior economist at Caixin Insight Group.