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"China has become the world's largest source of outbound tourists," she said. "Considering that only 10 percent of Chinese hold a passport, we anticipate a period of explosive growth in the next decade."

"China has sufficient policy tools," said Pan, who is also director of the State Administration of Foreign Exchange, the country's foreign exchange regulator.

"China is much further along its post-COVID recovery path," said Paul Colwell, head of Asia advisory portfolio group at Willis Towers Watson. "The way policymakers act in response to changes in the economy, monetary policy, fiscal policy ... China operates at a fundamentally different frequency to the rest of the world," he added.

"China and Japan are leading trading nations who benefit from free trade. There will be a bright future for Sino-Japanese cooperation in this front, especially when facing threats from higher trade barriers in some advanced economies," Long said.

"By 2023, we expect to see the deployment of hardware and software combinations that together create more trustworthy and secure IoT systems."