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"China Life is slightly weaker in large and medium-sized cities", Su admitted. "But solutions outnumber problems. As the middle-income group is expanding in major cities, we will be constantly in touch with their needs through building up new teams and product models."

"China has had great achievements in fighting corruption, which has played an important role in economic development and social stability," said Qi Zhenhong, director of the China Institute of International Studies.

"China is now the strongest in the internet ecosystem, visible almost in every vertical, including hardware manufacturing, technology advancement, user numbers and business environment. And that gives Chinese startups a natural advantage as they go global.

"China has a huge domestic 5G market and its efforts to accelerate construction of a nationwide network will bring opportunities to Huawei," Wang said.

"China is heavily engaged in handling financial deleveraging reform, which includes the reducing of corporate debt, especially for the State-owned ones with overcapacity," said Iris Pang, an economist with banking group ING.