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"China's urbanization is related to rural dwellers' flocking into cities, the innovation of real estate market, as well as infrastructure construction, which has been an important driving force for China's urban development in the past 40 years," Huang said.

"Content homogenization and intellectual property infringements are among the top reasons why users and investors have shown a higher level of rationality toward the once-explosive sector," said Liu Shijie, an analyst at consultancy iMedia.

"Consumers are asking for much more now," said Wilfred Wong, president and executive director of Sands China, an integrated resort developer and operator in Macao and a subsidiary of Las Vegas Sands Corp.

"China's semiconductor display industry has made large advances in the past decade, changing the display industry's global competitive landscape. China has transformed into the world's largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"Continuing the upgrading of China's industrial structure, consumption structure and urban-rural structure will breed huge domestic demand potential, which should be the key power to support the nation's economic growth of about 6 percent in the next five years," Kuang said.