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"China's not going anywhere," he said.

"Coal, oil and steel industries already posted slower profit increases in March," said He, who also warned of pressure from rising costs and financial expenses.

"Consumers buy things at lower prices, but they may not use them," said Zhang Lu, an intern of Xiamen Construction and Development Corporation. "It's hard to say whether they save money or not."

"Chinese patients are able to get access to the most advanced treatment simultaneously with patients from overseas. For enterprises, RWE can cut both the time and cost for clinical trials to a great extent, and accelerate the registration process of imported drugs and medical instruments," Yin said.

"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," Lei Jun, founder and CEO of another leading smartphone vendor Xiaomi Corp, said at the WIC.