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"Chinese consumers aren't very worried by the Trump tariff tantrum because this is the eighth consecutive year in which the (tertiary) services and consumption sector is the largest part of GDP," he noted.

"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.

"Currently there are still gaps in the perception of products, between consumers on one side and producers on the other. We have many products that reflect the culture, the creativity of the maker, and this is not necessarily understood in China. We need to do more to promote a better mutual understanding among citizens, aside from strengthening economic ties," Ferro said.

"Consumers go to our physical store. They also purchase through mobile phones and other digital devices. About 90 percent of Chinese consumers touch digital points before they visit physical stores," said Rorsted.

"Collaborating with Alipay opened my eyes to a new world. We are now learning lessons from Alipay to implement in ePassi services," Yin said.