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"China is an important factor," said Suan, adding that China's performance will be particularly important for the ASEAN region. "If China shuts down, we will be unable to get our goods or the needed inputs from China. Now China is back on its feet, so that should be able to help us get through this challenging period."

"China is fast becoming a global hub for innovation, particularly in the field of AI," said Zhu Wei, senior managing director and chairman of Accenture China, while noting Chinese companies have demonstrated great determination to digitize their organizations amid the current complex business environment.

"But the diversity of languages across different markets will pose a major challenge, as companies could no longer leverage the low marginal costs for aggressive expansion as it did in China."

"China offers tremendous opportunities in many sectors for Canadian businesses of all sizes to diversify their trade and investment, creating good middle-class jobs for Canadians in the process," he said.

"China and ASEAN are biggest trading partner to each other," he told Xinhua in an exclusive interview on Wednesday. "China's further opening up will provide bigger market for the world, especially neighboring countries in this region."