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"China's rapid advancements in digital economy and local companies' readiness to embrace cutting-edge internet, artificial intelligence, big data and cloud technologies will help expedite industrial upgrading," Qin added.

"China was going very fast, and the emphasis was on the rate of growth. In the new era, China will grow more slowly, but the emphasis would be on the quality of growth," Thornton said, adding that this is a good sign of economic maturity.

"Chinese enterprises are continuously accumulating sectoral experience on supportive government policies. Companies' competence can help offset any increase in risk," Zhao said.

"Constant rain makes me feel depressed. I have less energy for work and want to sleep more than usual," said Zhu Ning of Shanghai.

"Currently, companies and related supply chain entities are resuming operations in an orderly manner. The nation's industrial economy is back on track toward a positive direction," said Xin at a news conference in Beijing on Friday.