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"China should roll out a strict law to protect data and seriously punish those who misuse data and violate others' privacy," Ren said.

"Cloudera's modern platform helps us manage and analyze data more effectively, enabling us to drive down costs and improve asset performance," said Zhou Zhizhong, big data department director at Zoomlion, "We are empowered to create more value for our customers, innovate with new products and services and create new revenue streams for our business."

"China via its new reform and opening-up measures appears ready to play its part to bring closure to the aggravated trade frictions and thereby stabilize market expectations.

"China's pursuit of dual-cycle development has actually posed higher requirements for opening-up," said Shen Jianguang, vice-president and chief economist at JD Digits. "China's vast domestic market should be better utilized to further open up the economy and attract investment," he said.

"Convenience store operators' large scale in the country has provided investors returns," said Pei Liang, secretary general of the China Chain Store & Franchise Association. "The new momentum coming from internet giants' involvement has intensified competition and altered the layout of the sector."