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"Financial regulators' tolerance of higher NPL ratios for SME loans will also motivate commercial banks' lending," he added. "The challenge is how to precisely assess SMEs' financial risks and to prevent fraud based on limited information. Utilization of big data and advanced technology such as AI may be the key."

"For instance, demand for some emerging new professional services has increased, such as high-temperature fumigation and restroom disinfection. Chinese consumers have also shown higher and more specific need for cleaning home appliances such as air conditioners and kitchen ranges. We need to become more professional in those areas," said Mu, who is also chairman of the Beijing Homemaking Service Association.

"For fast food brands, embracing the trend of healthy and experiential dining is the key to growth in the near future. In the meantime, staying innovative can help to win over young consumers," said Summer Chen, research analyst at Mintel.

"For decades, people have gotten used to their neighborhoods being exactly the way they are and that's the status quo. What we need to do is readjust our entire approach to housing, so we have to get a different mindset about housing," said Wiener.

"For those people who are not familiar with online payments, we'll leave some windows of box office open to help them," he said.