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"But the diversity of languages across different markets will pose a major challenge, as companies could no longer leverage the low marginal costs for aggressive expansion as it did in China."

"China may also increase input in science and technology, research and development, and education," she said. "Its investment in basic research and frontier technology fields, such as semiconductors, robotics and high-end manufacturing, is expected to increase and further push development of the digital economy."

"China has the next step ahead of it, which is to create much higher value per individual user. And the number of more affluent users is becoming bigger," Mueller added.

"But now, dragon fruit from Vietnam and Chilean cherries are very popular items in the winter," Chen said.

"By genuinely engaging with international institutions and foreign partners, it could contribute to bringing economic and broader institutional development to countries which, until now, have not seen much of either," said Berglof.