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"Cost-effective infrastructure manufactured in China is paving the way for major communications service providers in the country to quickly build 5G coverage," said Kosei Takiishi, senior research director at Gartner.

"China will unswervingly deepen the reform of exchange rate marketization and continue to improve the managed floating exchange rate system, which is market-oriented and formulated in reference to a basket of currencies."

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.

"Consumers want more than just books from us," said Zhou Juan, general manager of Yanjiyou in East China.

"Consumption demand has been shifting gradually from goods to more services. This will also help maintain labor market stability during the period of economic transformation," Qu said.