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As the Chinese market grows bigger and more mature, immeasurable purchasing power will be created, which will provide wider markets both for China and the world, Wang added.

As technologies like mobile telecommunications, the internet of things, and cloud computing disrupt traditional businesses, smarter networks are key to resilient and responsive tech infrastructure, stable transmissions and information safety.

As the largest new energy vehicle market worldwide, China is seen as a pivotal potential market for the electric vehicle charging infrastructure, leading an array of businesses to swarm into the country's charging industry.

As the most significant tax overhaul for two decades, VAT is replacing business tax which has been in place for 60 years, streamlining procedure, and avoiding repetitive taxing. It was piloted in Shanghai in 2012 and expanded nationwide in May 2016.

As the BRI continues to expand in scope, so do concerns over financial challenges, as China has issued infrastructural loans to some poor developing countries that are heavily in debt, creating potential for debt-sustainability problems for these nations.