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"China's Q1 current account surplus was considerably higher than the quarterly average for the second half of last year," said Wang.

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"China, for years and years and years, has built all the premium products for the world," said Friesen. "They know how to build good products."

"Consumers in the old world were defined by their possessions, and companies were able to meet their customers' needs to an adequate degree with static business models and a 'one size fits all' marketing strategy that followed major trends," AT Kearney's He said.

"China's economy will not suffer from a hard landing next year," said Yang Yiyong, director of the Social Development Research Institution, part of the National Reform and Development Commission, a top economic regulatory body.