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"Chinese universities focus more on the number of academic papers than cooperation with industries. But if China wants to emerge as a technology powerhouse in the world, it needs to tackle that challenge," Lee said.

"Currently, financing channels and the allocation of financial resources are overdispersed. Some so-called innovative financial institutions are seeking high returns by taking high risks. It has raised the already high costs of financing among small and microenterprises, although their financing difficulties seem to be mitigated," Yi said.

"Chinese courts are moving forward in deepening personnel management reforms and building a more elite team of judges to respond to people's high expectations of fairness and justice," he said.

"China's situation is extraordinarily important, because the measures they have applied - mainly measures of public health, community awareness and controlling contact - are working," said Manalich.

"Companies in this area were pioneers in answering the questions of corporate social responsibility, because of requests and demands from international brands. Today, the Greater Bay Area is still the most dynamic area where brands, suppliers, NGOs and industrial organizations are working proactively to continue making progress on sustainability issues, such as decent work culture, environmental protection, occupational safety and collective consultation," Anders Wollter, minister counselor and head of Centre for Corporate Social Responsibility of Embassy of Sweden in Beijing, said.