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"Consumers pay high prices for customized produce to ensure safety. But the industry is still in the early stages. There are both good and bad producers," said Zhao Yumin, secretary-general of Jilin Specialty Products Processing Association.

"China's supply-side reform has reduced overcapacity in the steel industry by closing down those with issues of pollution and outdated capacity while controlling new capacity construction, and helped reduce steelmakers' debt levels. But we expect the government will continue to fortify the results of the supply-side reform and focus more on upgrading the steel industry."

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.

"Chinese parents realize that it will benefit their kids more if they start to learn English as early as possible," said Cao Wei, general manager of Firstleap Education, a subsidiary of TAL Education Group, a domestic education and technology firm.

"China's proposal to explore third-party market cooperation can generate rich financial returns for both developed and developing countries involved in the BRI, without causing a clash of interests," he said.