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"For Chinese emerging hit brands, it's kind of difficult to maintain long-term growth. If the brands choose to develop on a large scale after the appearance of phenomenal hit products, they will lose the original cultural connotation and identity," he said.

"For example, if you look at the manufacturing sector today and compare it with the roles five years or a decade ago, they are fairly different. Chinese companies should continue to adapt this trend and embrace some new technologies to enrich their operations at both home and overseas," he said.

"Foreign companies in China think the law will create a level playing field where everyone can participate," said Harley Seyedin, president of the American Chamber of Commerce in South China.

"Government services are to serve the public, and hence must be universally accessible. Current technologies have made it possible to have many things done online," Premier Li said.

"Given the tough situation today, we need remind ourselves that never say never. Looking back at how the US-China relationship has grown, individual effort can't be underestimated. Public diplomacy, like ping-pong diplomacy, could play a great role when first-tier diplomacy is in jeopardy," Hong said.