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"China is way more advanced in mobile payments," said Virkkala. He told Xinhua that he believed "the approach is now coming to Europe."

"But we have our unique advantages－our dedication and focus over the past four years have given us probably the most complete set of building blocks for the era defined by intelligence, namely, SIOT and smart infrastructure, along with AI, big data, and services," he said.

"China has done a good job of informing the public of the seriousness of the epidemic and how to stop the transmission, which helps raise the public health awareness," Ren said, adding that she will continue to maintain a one-meter gap even after the epidemic.

"China is also developing fastly in technology and it has also big markets," said Shamir, who is also the managing partner of Catalyst Funds, one of the organizers of the two-day conference.

"China has a high savings rate. It used to be a huge advantage, but we'll lose that advantage if borrowing grows faster than savings," he added.