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And the lower living costs have given rise to higher fertility rates in these regions. The upshot, according to Morgan Stanley's estimates, is that smaller cities could account for 76 percent of overall urban population growth by 2030. That spells huge spending power in the long run.

Analysts predicted features like OLED displays, wireless charging, and even perhaps augmented reality could come to upcoming iPhone models.

Angus Wardlaw, from Scotland, is an innovation engineer at leading shoe brand ANTA. He came to the company in January this year after working for Adidas in Germany for 15 years.

Andy Edwards, global director of brand and marketing communications of travel booking firm Agoda, also agreed that wealthy Chinese travelers seek adventurous, undiscovered destinations rather than going to common recreational resorts.

And finally, both Andy and Jonathan share their thoughts on what’s grabbing their attention as tech investors these days, and where the startup world is headed.