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"Efforts should be made to intensify research on working out policies aiming for boosting growth of private businesses in aspects including reducing burdens from taxes and administrative fees, solving financing problems, improving environmental governance, as well as enhancing technological innovation ability," Liu said.

"Cutting taxes and fees serves as the main means of positive financial policy and the key for implementing it is to evaluate the effectiveness of the policies carefully and offer sufficient supportive work," said Yang Zhiyong, a researcher with the Chinese Academy of Social Sciences.

"Everyone can quickly comment or post articles in the internet era, but if they don't clarify that they are the owners of the works or disclose their copyright registration at government agencies, it'll be a challenge for others to find out where the works are originally from, let alone get authorization after contacting the authors," Liu said.

"Essentially, blockchain can deal with the trust issues in the virtual world, as all transactions based on the technology are verified through the whole network to ensure the uniqueness of transactions, without mediation," said David He Dayong, managing director of BCG and leader of the firm's financial institutions and insurance practice in China.

"During that time I realized there were a lot off issues with the centralized model. From that moment on I was determined to use blockchain technology to solve the trading issues associated with a centralized exchange," said Wang.