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"China's audiovisual market is growing rapidly. But now many video platforms are becoming more and more similar to one another which makes them more challenging to user numbers and advertising revenue," said Wei Pengju, director of the Institute of Cultural Economics at the Central University of Finance and Economics in Beijing. Companies in the audiovisual sector are certainly aware of the challenges and are actively seeking solutions. The Xigua video app now targets the new mid-sized video sector to win more users.

"China's venture capital firms have already invested heavily in consumer-oriented businesses over the past 10 years. It's high time they better tap into opportunities brought by the enterprise market. And the investment in robotics technologies, such as a variety of sensors, can help fuel the emergence of 'little giants'," Ren said.

"Chinese consumers, especially millennials (those born in the 1980s and 1990s), want to enjoy life ... they care about their individuality and love to travel, and when it comes to shopping, they have unique tastes. To woo them, we have brought iconic fashion including street styles and premium sports brands to them," Israel said.

"China's economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice," Bloomberg said in an opinion piece.

"Chinese artists and Chinese culture have been making great art for more than 5000 years. Americans Know so little about the conitnuum of Chinese art history, how unbroken it is and how magnificent it is. So this is a way for us to show Virginia and America how magnificent the Chinese creative world has been, for millennia", VMFA director Alex Nyerges said at the opening reception of the exhibition at the Chinese embassy in Washington.