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"China is increasingly becoming a world leader in advanced fields such as AR, and this competition will allow us to discover new talent in the growing AR industry," Shiung said.

"But too much aggressive stimulus may lead to inflation and a surge in the macro leverage ratio," the PBOC governor warned. "Thus, (China) needs to keep using the conventional monetary policy tools as long as possible, to support the long-term development strategy."

"Central SOEs, however, have been doing a good job in environmental protection sectors," said Zhong.

"China is also becoming more open to foreign companies," said Ravi Shankar Bose, founder of mobile marketing firm Fugu Mobile, which chose China as its first overseas market.

"Capital market functions will be impaired without the registration-based IPO mechanism and hence would not be able to serve technology startups with high efficiency. Therefore, efforts should be made to push forward this very basic mechanism of the capital market. But at the same time, progress should be made with no haste, allowing the capital market to mature and accept the wider adoption of the mechanism as well as the completion of related policies," he said.