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Anderson said: "If you look at the number of people in China, that's hundreds of millions of people. It's a big problem."

Analysts said the Trump administration's .5-trillion tax cut and increased government spending have fueled the rapid increase in budget deficits and public debt.

And it also pointed out the industry's trends, such as multinational tech giants fully entering the cybersecurity area; big consultancy firms making inroads into the market; traditional industrial enterprises actively embracing cybersecurity technologies; and artificial intelligence providing consistent motivation for the industry's development.

An opinion piece from Bloomberg published in May argued that Chinese consumers' embrace of mobile payment is key in the future development of sharing economy. China's demographic profile and changing nature of consumption are two other major factors.

Andy Palmer, CEO of British sports carmaker Aston Martin, called it a "remarkable" step.