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"Hainan will play a key role in Southeast Asia if all key factors needed for boosting Hainan to its new leading position shall be implemented," said Yuval Golan, CEO of Unique 1 Asia Ltd, a consulting and investment firm operating in Hainan.

"Generally, China is unlikely to see a big surge in unemployment," Ding said. "To ensure stable employment, more efforts are needed to prepare plans to deal with the uncertainties arising from Sino-US trade friction, further deepen tax reform for companies, provide subsidies to guide companies' employment behavior, improve urban management and loosen restrictions on the night economy."

"Financing through local government financing vehicles is expected to become subject to increasingly strict regulation and more transparency" as the country strengthens risk controls, said Fu Yubin, a sub-sovereign research analyst at Moody's Investors Service.

"For us, it was crucial because we had the opportunity to have personal protective equipment and medical equipment that was indispensable ... While the rest of the world attended to their own domestic problems, immediate support from China was very important," she added.

"From the day Mobike was set up, our bikes are designed to facilitate urban transportation, which is quite different from our rival," Wang said, referring to ofo which was initially meant to help students access bikes in campuses.