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"China can seize the newest trends in technology by attending SXSW. The event also functions as a big incubator — data show that about 10 percent of the companies at SXSW were acquired after the event. Many startups go to SXSW to look for opportunities while others go there for inspiration and ideas," Forrest said.

"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"China is an incredibly important destination for Airbnb globally," said Nathan Blecharczyk, co-founder and chairman of Airbnb China.

"But such blackmailing and threats will not have any impact on China," he stressed.

"China continues to be a fertile ground for companies with rapidly scaling revenues and innovative business models, which supports the capital market performance of Chinese companies," said Stephanie Tang, China head of private equity with Hogan Lovells, a global law firm.