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"China's semiconductor display industry has taken large steps forward in the past decade, changing the display industry's global competitive landscape. China has transformed into the world's largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"Chinese students alone contribute billion, alongside countless other benefits, so even a modest reduction in Chinese enrollment would be devastating," she said.

"Currently governments are poorly equipped to manage agreements under public-private partnerships or unsolicited bids. We plan to train personnel working under relevant agencies who will then create public awareness and increase buy-in and participation from the public," Phiri said.

"China should maintain equilibrium in indicators of growth, employment, prices and international balance of payments," Yang said. "Industrial modernization should be promoted, with intelligent production and core technology."

"Chinese consumers are more willing to spend money on cosmetics and skincare products, and more people are paying attention to the quality of products," said Neil Wang, president of consulting firm Frost & Sullivan China.