Next economic model to be a completely different animal as high-tech reigns

China is on the cusp of entering a new technological era as it witnesses new growth opportunities from new consumption forms and new business models across industries, a renowned expert on the Chinese technology sector said during the latest Vision China forum on Thursday.

Edward Tse, founder and CEO of Gao Feng Advisory Co, said a lot of business models are moving from offline to online amid the COVID-19 pandemic, especially in fields such as remote working and education.

"The pandemic has really driven a lot of changes in how we live life and how business models are being developed,"Tse said.