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"Chinese companies need to make essential moves now including deciding where to play, developing a road map to access the tech stack and deciding the right alliance and ecosystem strategy," Thomas said.

"China should drive the need rather than being a follower," he said.

"Competition is intensifying among different countries in the digital trading sector. We believe, Beijing, as the national capital and a major science and technology center, should leave its mark in the sector," she said.

"Considering the expanding value-added industrial output in May and the positive service production index, China's economic growth is expected to bounce back in the second quarter with a modest growth," Tang said.

"Climate change is already affecting the lives of all people, but for the 1.8 billion young people between the ages of 10 and 24 years, the issue is felt with far more urgency as it will shape their lives in ways never witnessed before. For the younger generation, the need for urgent climate action has never been clearer," she added.