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"But the future of this sector is promising," he added.

"China has entered a new era of consumption. Chinese consumer market is being reshaped, especially by the middle and affluent classes with strong purchasing power.

"China is at the cutting edge of the fintech industry and will provide a robust and exciting career for many years to come," Lance said. "Fintech also provides opportunities for those in related technology fields."

"But unlike mobile applications sectors where a price war will squeeze out many startups, the smart speaker industry will always have room for players with core technologies," Li said.

"China is the No. 1 source (of tourists) for most of the travel destinations in the Asia-Pacific area. The number of both inbound tourists and those traveling abroad has surged recently, which led to our joint venture with Alibaba," said Craig S. Smith, president of Marriott International's Asia-Pacific region.