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Ao Yanjie, chairman of Beijing Union Smart Energy Co, an SME with 10 employees in the decentralized integrated energy sector, said he is looking forward to the actual effects of the government's supportive measures for SMEs.

Another highlight of the digital makeover is that enhanced storage and computing may ensure travel sites do not crash when travelers swarm to snap up tickets at the predicted peak time. According to Xiao, the company will also leverage its cloud computing resources to help airlines and the railway company conduct marketing tailored to target audiences.

Apart from having a balanced import-export structure and a trade balance, China has climbed up the international value chain with its share of the global market increasing from only 0.9 percent in 1948 to 14.2 percent in 2015, about twice that of the US.

Anta has positioned itself as a mass market brand, which helped it to survive the downtrend of the sportswear industry between 2008 and 2011, which was caused by excess inventory. "The most difficult moment for Anta was how to make a decision on what we want to lose and what we want to insist on," said Ding.

Another leading firm Kweichow Moutai saw its net profit soar 26.56 percent year-on-year in the same period to reach 19.95 billion yuan. Its sales revenue stood at 39.49 billion yuan. In 2018, the company produced 49,700 metric tons of Moutai liquor, and 20,500 tons of Moutai series wine.