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"Cross-border e-commerce has made rapid and notable achievements since the pilot zones were established and has become a new area of growth for imports and exports," Li said. "We should facilitate domestic consumption and at the same time improve export quality in the global market."

"Consumption scenarios for spirits have turned from business meetings to social gatherings and this change has brought new demand," Zhu said.

"Compared with other major central banks of developed economies, the PBOC's balance sheet expanded only moderately, and it has room to further cut the reserve requirement ratio and interest rates," said Zhang Xiaohui, a senior researcher at the China Finance 40 Forum, which engages in finance policy research, and former assistant to the governor of the People's Bank of China, the central bank.

"Currently 80 percent of our sales is generated from recurring customers, which shows brand loyalty is crucial," she said. "But it also means we need to expand our follower base and that's not something you can hastily achieve by just offering discounts and making one-off deals."

"China still lacks leading innovative talents in many industries and disciplines," said Zeng.