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"China is entering into a new era, and it is one that is epitomized by both confidence and sophistication. It is also one based on knowledge, innovation and a strong will to drive critical global governance and leadership issues," he said.

"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.

"China is not aimed at challenging or replacing any country. It is committed to a new path of state-to-state relations, that values dialogue above competition and partnership above alliance," he said.

"But whether Douyin can maintain this success remains a question, as youngsters' interests can change quickly. It depends on how the platform is going to operate in the long term," he said.

"China is determined to be at the forefront of this change, with the announcement plastic bags will be phased out in major cities by year end just the latest development. As the BRI continues to evolve, I expect sustainability to be a driving force for its growth and expansion in the decade ahead," Wong said.