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"Financial firms should understand, accept and respect the nature of the cultural industry, and enhance risk management by various technological methods."

"G20 countries should enhance cooperation on taxing digital economy and seek a consensus-based solution by 2020," suggested Zhu, who also mentioned that digitalization of the economy should raise issues with respect to tax evasion and money laundering.

"Furthermore, we'll focus more on legal issues on emerging technologies and new industries, promoting legislation on foreign affairs and balanced development between regions," Yue said.

"For example, you buy a 10,000 yuan bag, use it for one year and then sell it as second-hand for 7,000 yuan. You can see the 3,000 yuan as the rental fee for the year."

"Growth has plateaued in the last two to three years and 2017 looks like another year of modest growth in comparison to the growth that we've seen in previous years going back beyond 2015 to earlier times. However, we remain unabashed bullish on China and the Chinese economy," he said, describing the Chinese market as "a really important part of our company."