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"Consumers are becoming more selective about the products they purchase, and tend to buy products that have more practical uses," said Emily Cheng, general manager of Honeywell Connected Living Solutions China.

"Compared to new homes, the secondary market can serve as a better reference. Especially in first-tier and major second-tier cities, where transactions of pre-owned homes account for more than half of their total trading, the figure has surpassed 80 percent in Beijing and Shanghai," said Zhang.

"Coding is very interesting, and I want to become a professional coder when I grow up so I can design really complicated and interesting games."

"Conducting deep research on blockchain is the right thing for China to do to develop financial technology, as blockchain is an emerging technology that may become the future financial infrastructure," said Yao Qian, director-general of the Institute of Digital Money at the People's Bank of China.

"China's bike-sharing industry now enters a new stage of integration. Bike rental firms need to expand their business in an orderly way, improve the way bikes operate and increase their profitability," said Raymond Wang, a partner at Roland Berger China.