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"Customer demand in China, in particular, has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations."

"China's current regional development is doing well, while the structure of economic development is undergoing profound changes, and central cities and city clusters are becoming the major vessels for development," the meeting said.

"Currently, SMEs are expected to ensure enough cash flows and prevent disruptions by increasing business income, reducing operating costs and obtaining external financing," said Huang Yiping, a professor and deputy dean of the National School of Development at Peking University.

"Chinese businesses are resilient and retain a well-honed ability to adapt," The Economist said. Faced with online migration of Canton Fair, exhibitors showed great adaption to the new technology.

"Chinese firms are striving to become major contributors to the advance of AI technology," Wang said.