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As China has been making strides in the development of 5G, artificial intelligence, internet of cars, big data and cloud computing, Chinese IC companies should team up with firms specializing in these emerging industries to take advantage of their opportunities.

As Peter Varghese, the former head of the Department of Foreign Affairs and Trade and now chancellor of the University of Queensland, observed in August last year: "For Australia, there is no sensible alternative to engaging China.… The notion that global technology supply chains can be divided into a China-led system and a US-led system is both economic and geopolitical folly."

Appu Esthose Suresh, Senior Fellow at Atlantic Fellows for Social and Economic Equity, London School of Economics, says the lockdown will hit the poor Indians hard. 

As China highlights coordinated regional development as a key driver of the nation's economic growth in the 14th Five-Year Plan period (2021-25), how the Yangtze River Delta region should contribute to this pursuit has figured in heated discussions among economists and policymakers.

Around 70 percent of those aged between 19 and 22 in China said they would place an order online via social networking sites, global consultancy Accenture revealed in research based on 10,000 consumers in 13 countries including China.