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"China still needs to do more, and I hope self-protection courses can be normalized in primary and middle schools across China," she said.

"China will clean up existing laws and regulations that go against pre-establishment national treatment, while expediting the making of detailed regulations by the end of this year," Zhang said. Pre-establishment national treatment means foreign investors are treated the same as their domestic counterparts before and during the approval process.

"Compared with five years ago, well-known international brands will have an increasingly difficult time to gain or retain consumers' trust merely by offering quality products and services," she said.

"Consumers tend to favor fresh food. They even search for seasonal fruits online before they come to the market. Meanwhile, more consumers pursue fresh delivery, and periodic delivery has become a new trend. The trend raises new requirements for enterprises' fresh-keeping technology," Cao said.

"Companies should be taking advantage of today's market conditions to reassess their portfolio vulnerabilities and divest assets that are not part of their future growth strategy," said Alex Zhu, EY's China North Transaction Advisory Services Leader.