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"Content startups are no longer limited to the elites. It is encouraging to see more people explore the market of traditional cultures," said Zhao Zizhong, dean of the New Media Institute with Communication University of China.

"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary. "As the pneumonia epidemic is putting pressure on the economy, policymakers need to make efforts to ensure no major disruptions to improving business confidence."

"Consumer behaviors are analyzed through e-commerce platforms as the tech giants are fully capable of launching big data analysis," said Wang.

"China's higher education has made a great leap, but it is still lagging behind in some basic research areas. There are still some breakthroughs to be made and some demands from society to be met," he said. "So we need to nurture more outstanding creative talent."

"Chinese bearing companies should have the confidence in producing high- and middle-end products."