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"China is a key market for the global luxury industry and Kering has been successfully operating in the country for over four decades. Chinese consumers' expectations for luxury industry has been evolving rapidly thanks to the country's ongoing development and economic growth," she said.

"But using business operations to lure young people without earnings to support their idols by paying a lot for celebrity-endorsed products or attending promotional events is undesirable," Wang said. "It's an improper marketing event or promotion."

"Carmakers should work out a detailed schedule and stop offering old-standard models to dealerships in regions that will introduce the new emissions standards," said Xiao.

"China is growing a regional aviation model with its own unique features, and the central and western parts of China have rich opportunities to develop regional aviation. The expansion of the regional aviation market and the socioeconomic development of the region will promote each other mutually," said Li Guijin, a professor at the Civil Aviation Management Institute of China.

"China is already more digitized than many observers appreciate and has the potential to set the world's digital frontier in coming decades," the McKinsey Global Institute said in a report.