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"Customers are our treasure and we need to let them feel it and we must value our customers with the experience they deserve," he said.

"China, in many ways, actually has led smart city development, and even my hometown Singapore, which is technologically advanced, would like to learn from China.

"Currently, Chinese clients are mainly from infrastructure and extractive industry, and other industries like financial services, high-tech and telecommunications will also become our target clients in the future," said van de Pijpekamp.

"China's economic miracle was fueled by industrialization, investment and trade, but today domestic consumption is the main driving force of growth."

"Considering that the economic fallout reflects particularly acute shocks in specific sectors, policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to help affected households and businesses.