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"Developers of residential properties have also been actively reducing inventories, which is in alignment with handling financial pressure and stabilizing home prices across China", said Kam.

"Due to a lack of credit history and collateral, micro and small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand," said Li Dongrong, president of the National Internet Finance Association of China.

"Due to the improved IPR protection environment, our company can focus on innovation. Globally, the mobile monthly active users of WPS Office, an office suite, has tripled from that of three years ago," Ge said.

"Europe and the United States are leading the world in terms of urbanization, thanks to their first mover advantages. While in Asia, specifically in China, the government has been promoting its urbanization strategy for years, which helps the country achieve the highest urbanization growth rate globally and a vast space for development in the future," Deloitte said.

"Despite progress made in regulating the health supplements sector, a gap still remains between our supervision and public expectations," he said.