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"China is making its own business innovations over the past decades. Umpteen businesses, such as online education and food delivery companies, are emerging in the country every day," said Liu Chang, founder and CEO of 17Edtech.

"China is expected to leverage data to build an industrial internet platform as soon as possible for the next step. The past years have witnessed a rising number of enterprises considering digital transformation. This trend has accelerated after the epidemic," he said.

"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.

"Canada's relationship with China was inevitably taken into account by the significance of the US-China relationship. However, it is vital that we find a way to express our own realities," Austin said.

"Central SOEs, however, have been doing a good job in environmental protection sectors," said Zhong.