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"For most Chinese carriers, the asset liability ratio has been over 70 percent. The large number of flight cancellations and refund of passengers' tickets make them more difficult for airlines. They have little cash inflows so they have to cut costs and strive for support from the government," Lin said.

"Going forward, as has been the case for more than three decades in Japan and for a decade in the European Union and now in the US, generating growth through monetary policy is over," Manish Shah, chief investment officer at Tollbooth Strategy, told China Daily.

"Foreign managers bring a unique set of experience and skill to the Chinese asset management industry, particularly in areas such as quantitative investment. Having a wider set of local and foreign managers managing different strategies in China increases the choice available to investors and, most importantly, it allows investors to diversify their investments," Steel said.

"For example, they can offer battery information, user habits, vehicle location and other data. With such data, services including secondhand car evaluation and user portraits can be further expanded," Sun said.

"Foreign visitors come to our city for a better understanding of its cultural relics and historic sites. As a local resident, I feel I have a duty to show them around," he said.