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"Consumption will contribute about 6 percentage points of China's GDP growth, which will reach 8.2 percent next year, according to our estimation," he said.

"China represents one of the largest opportunities for many of our clients and JP Morgan. It is a critical component of our growth plans, globally and in Asia. We have strong ambitions to strengthen our position in this very important market in order to better serve our clients and the local community."

"Concert tours and music festivals are very important points of revenue and music consumption," said Lai. "The months of May, September and November are the peak periods for live performances. There's a festival almost every weekend through those months," she added.

"China, an AIIB shareholder and a country that hosts AIIB's head office, will continue to support the bank's development," Liu said.

"Chinese universities focus more on the number of academic papers than cooperation with industries. But if China wants to emerge as a technology powerhouse in the world, it needs to tackle that challenge," Lee said.