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"China experienced very rapid productivity growth, at least until recently, as pragmatic, progrowth policies helped deploy its abundant capital and labor more productively, and this included rebalancing of State and market forces in resource allocation," he said.

"China is undoubtedly a leader in the sharing economy, which is closely integrated with the digital economy and undoubtedly one of the key innovations in recent years."

"Challenges still exist including changes in the external environment and corporate financing difficulties. However, these will not change the stable and positive trend, and financial risks are controllable as China's macro-control policies will gradually take effect," noted Zhang.

"But we need governments, international financial institutions, and the private sector to work with us to take full advantage of these advances," he said, listing four ways philanthropic capital can be used.

"But with more people going outside, making money and learning new skills, many people changed their views. Now some would think rather than just making money, going to Beijing and interacting with people from different backgrounds is an eye-opening experience," Fu said.