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"Compared with Shanghai and Shenzhen, Beijing started earlier and developed faster," Nie said. "Beijing has been building innovation platforms and holding innovation contests to attract big companies and talent to participate, which have significantly raised investment efficiency."

"China should refrain from monetary overflow in the face of downside risks, as this could cause long-term capital outflow pressure," Yang said. "Instead, the monetary authorities should focus on re-channeling money supply occupied by low-efficiency sectors into more vibrant private enterprises."

"Chinese tourists are estimated to travel 700 million times in the next five years, which offers a huge business opportunity for countries and regions involved in the Belt and Road Initiative, not only in their tourism industry but also tourism-related businesses," said Dorothy Tembo, executive deputy director of the International Trade Centre, at a recent industry forum during the fifth China Beijing International Fair for Trade in Services.

"Chinese became curious about the place and wanted to visit," he said.

"Chinese bearing companies should have the confidence in producing high- and middle-end products."