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"Embracing digitalization is key to transforming work experience for accountants, and new ways of working will accelerate a move toward digitalization and promote careers that are intellectually challenging and driven by a renewed sense of purpose."

"Digitalization helps reduce costs, improves clients' experience and helps brands to differentiate themselves from their counterparts, which helps revenue to grow," Jia said. "It's possible for any company to become a leader in its industry if it advances in digital transformation."

"Expansion into overseas markets could not only relieve the pressure of high inventory in the domestic market but increase Konka's international influence," said Dong Min, an independent researcher in the home appliances sector.

"Deglobalization sounds good until you need to design a product in a competitive marketplace," the report said, adding that globalization happens because it creates value and broadens a corporation's capabilities.

"Establishing overseas production bases will help pave the way for Chinese companies' entry into international markets in Europe and the Americas."