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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 heavily engaged in handling financial deleveraging reform, which includes the reducing of corporate debt, especially for the State-owned ones with overcapacity," said Iris Pang, an economist with banking group ING.

"China is a country with a 5,000-year civilization, 1.4 billion hardworking and courageous people, and a vast land of 9.6 million square kilometers. China will not ever be cowered by threats, or subdued by pressure," he added.

"But this new website has greatly shortened the process. It connects all the different bureaus under a single platform and allows them to share information. This means we no longer have to travel to different places to submit the same document. It saves a lot of time and money."

"China is one of the most tech-savvy countries where consumers are responsive to embracing the latest things and trends worldwide, creating new opportunities for foreign firms," said Hammes.