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"But with the financial crisis, things got worse slowly," Naruse said. "This time, they got bad all at once."

"China has participated actively in the global and digital world. You have a huge market and demand, also many instruments making others interested. We have seen less boundary and more cooperation partners," Kockler told Xinhua.

"China is going to witness a sales spurt in collaborative robots," the report stated, adding that cobot sales will swell more than four times in four years to 12,000 units in China by 2020.

"China is also looking at establishing industrial parks in Mindanao, and there is a growing interest in infrastructure development, particularly in the power and energy sectors, transport and logistics."

"By adopting big data technologies to analyze small businesses' operating conditions and manage any related risk, financial institutions and fintech firms will find a way to help small and microenterprises to solve their financing difficulties," he said.