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"Coupa is focusing on building a platform to enable companies to spend smarter. On the other side, KPMG focuses on implementation services. And we have a deep understanding of the industry-related business process and procurement processes globally, but also in China", said Michael Seitz, a partner at KPMG China.

"Countries that have followed China's political and economic model are already recording socio-economic success," Were said, singling out Rwanda and Ethiopia.

"Chinese customers like new products," Harris said.

"China should refrain from monetary overflow in the face of downside risks, as this could cause long-term capital outflow pressure," Yang said. "Instead, the monetary authorities should focus on re-channeling money supply occupied by low-efficiency sectors into more vibrant private enterprises."

"Chinese residents are living a more sedentary lifestyle due to the development of sophisticated transportation systems and the widespread use of electronic devices," Zhao said.