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"But unlike mobile applications sectors where a price war will squeeze out many startups, the smart speaker industry will always have room for players with core technologies," Li said.

"But still, there are plenty of uncertainties, and fluctuations are very normal. I don't worry about the influences (on the renminbi value), but you need to manage the fluctuations. It requires more instruments to hedge risks," Daniel Schmand, chairman of the International Chamber of Commerce Banking Commission and head of trade finance at Deutsche Bank, told China Daily on Wednesday.

"China lacks various esports talents, such as players, tournament operators, gaming developers and business developers. We need more professional educational organizations instead of the so-called esports training organizations that induce students to drop out and play games," Wang added. "And local governments need to keep a rational attitude, taking into consideration their own conditions."

"China has helped Asian and African nations develop their trade, so these economies registered robust growth," he said.

"China is key to our future growth as it currently represents a quarter of our portfolio. The opening of Fraser Place Binhai Tianjin is significant as it underlines our ambitions to grow our presence in China," said Choe Peng Sum, CEO of Frasers Hospitality.