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"China has witnessed the rise of social media, e-commerce and online to offline platforms in recent years, which has spurred an increasing demand for designing from domestic companies and private users," said Zhang Yuan, CEO of Canva China.

"By then, we could be a 0 million company," the entrepreneur said. According to Parafuzo's funding brochure, the company, which was set up in 2014, already had a break-even cash flow by November 2016 and in that year, it had .93 million in GMV, 3,000 in net revenue and 3,000 in net loss.

"China has seen fast progress in power supply development since reform and opening-up. Yet the time required for getting electricity and accessibility still fall short of expectations due to institutional issues and inefficiency in the system. Power supply is critical to industrialization and rural modernization," Li said.

"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.

"China is well prepared for further actions taken by the US and will resolutely fight back if the US insists on unilateralism," Gao added.