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"For Chinese, watching the content of foreign wanghong generates a refreshing, feel-good factor. It's like a newborn seeing itself in the mirror for the first time," said Yang Qiguang, a researcher from Columbia University's Tow Center.

"Haier has transformed itself from a traditional home appliance maker to a solution provider of a smarter life and smarter household," said Zhou Yunjie, president of Haier. "We are also building an IoT smart manufacturing platform, and we've created many patterns in the process."

"For instance, many bike manufacturers now mainly produce bikes for bike-sharing platforms. Once platforms stop making new orders, manufacturers will be hit in the pocket."

"For those positions that need higher skills in technology or capital-intensive industries, longer-term training programs are necessary to help people gain enough knowledge and skills for jobs," he said.

"Financial innovation can reduce the financing difficulties of small and micro businesses, but we should pay more attention to their diversified demands, especially that of some startups," said Bei Duoguang, president of the Chinese Academy of Financial Inclusion at the Renmin University of China.