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"Consumption is expected to contribute over 80 percent of GDP growth in 2019," said Guo Xiaobei, a researcher with China Minsheng Bank. The proportion was 76.2 percent in 2018.

"China should refrain from monetary overflow in the face of downside risks, as this could cause long-term capital outflow pressure," Yang said. "Instead, the monetary authorities should focus on re-channeling money supply occupied by low-efficiency sectors into more vibrant private enterprises."

"Cultural centers, performances, popular TV series, movies and fast-growing internet businesses have made our country more attractive around the globe, especially in regions such as Southeast Asia," Chen said.

"Cultural industries now account for more than 4 percent of the country's gross domestic product, but their role in economic upgrading is more substantial than this figure - they are helping with the upgrade of other industries," Zhang said.

"Chinese companies need to continuously explore effective methods to reorient industrial activity toward cleaner processes, by saving energy and reducing costs," said Guan.