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"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"Companies are not only employers but also incubators of talent and skilled people," he said. "We will offer great support to companies to let them train and evaluate workers online amid the epidemic, and better ease the labor shortfalls."

"Chinese companies will offer technology and equipment, while local companies will be responsible for the construction."

"Currently China has 200 to 300 million middle-income earners. By 2020 that figure is projected to surpass that of Europe," said Ding. "There is definitely a strong call for supply from premium brands globally."

"China will push reform and opening-up more actively, and deepen State-owned enterprise and asset as well as fiscal and financial reforms, to implement major opening-up measures previously fixed," said a statement released after a meeting last month of the Political Bureau of the Communist Party of China Central Committee.