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"Eventually it will become like electricity, it will be everywhere. In every room, in every car, in every device, we will be using AI - it will be the operating system of the future."

"Due to the economic fallout from the COVID-19 epidemic, the upper limit for China's inflation target could rise to 6 percent," said Cheung. The People's Bank of China, the central bank, is capable of adjusting the monetary policy targeting a certain range of the price index, he said, adding that the inflation target can be scaled down later, so as to temper hyperinflation expectations.

"Dingding Kuaixiu is something that represents the transformation from the 'internet' era to the 'internet of things' era," he said.

"Don't assume because you're out and about with people you know, that you can relax on the social distancing -- because you can't."

"Despite overall lackluster performance, China has been bucking the trend to become a growth engine for a number of the luxury brands we are serving, which has offset the downward trend," said Xue.