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"China should put more emphasis on its structured monetary policy to push for the financial sector to better serve the real economy, with a focus on providing funds－especially medium-to long-term funds－to support fixed asset investment, manufacturing investment, science and technology startup financing, and rural revitalization," Chen said.

"China's various licensed financial institutions had total assets under management of 100 trillion yuan at year-end 2017. The regulation prohibits unlicensed entities such as internet platforms from originating and distributing asset-management products," Zhu said.

"China will have developed 130 new airports" to cope with the expansion, he said.

"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said.

"Chinese brands have taken a giant and rapid leap in growth, in technology, in product design," said Alvarez.