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As a local resident who formerly worked at a steel plant, Hoskins said he had heard great things about the company, saw the good management there, and is also enjoying better pay and a safe working environment.

As for the China-proposed Belt and Road Initiative, Shambaugh said that it is "a welcome initiative" and "has great potential for many countries and global development."

As artificial intelligence is evolving from a fancy concept into an integral part of people's daily lives, industry experts called for more efforts to promote responsible AI practices through better measures in protecting privacy and data security.

As for the future, outbound tourism is expected to grow at about 5 percent in the next five years, said Dai Bin, president of the China Tourism Academy.

As external shocks to the Chinese economy are large amid the novel coronavirus outbreak, by moderately loosening the provision coverage ratio, the government will help smaller banks and businesses deal with challenges more effectively, said Michael Hu, PwC China financial services partner.