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"Chinese companies are now paying more attention to physical investment as the declines in overseas manufacturing industries were smaller compared to those in the property, culture, sports and entertainment sectors," said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

"Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges," said Jennifer Ye, PwC China consumer markets leader.

"Compared with judicial work in the 1950s - the primary stage of the founding of New China and the era in which I was born - the changes to the rule of law can be said to be huge," he said.

"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"China's priority is to deepen its integration with the world, and next month's expo is a message loaded with meaning. It is a concrete demonstration of China's opening-up," said Castro, head of the Strategic Planning Institute in Argentina and regular contributor to Argentine daily Clarin.