Can the Chinese economy continue to thrive? This was the question that dominated discussions among leading Chinese and foreign business executives who gathered at a World Economic Forum meeting in the northeastern city of Dalian last week.

Many at the Annual Meeting of the New Champions 2015, dubbed "Summer Davos," appear to be cautiously optimistic, at least with regard to China's economy in the short term, while also acknowledging political uncertainties and challenges that the world's No. 2 economy will have to face in the coming months.

Since the Chinese central bank changed its exchange rate formation mechanism on Aug. 11, the yuan has dipped more than 4 percent against the dollar, and Chinese stocks plunged about 30 percent in late August, sending a ripple effect through global markets.