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"China is a country which is home to mega-sized cities, and the government will adopt various means to restrict these big cities from expanding too much," he said, adding that such restrictions will make a city function at a lower efficiency, especially in resource distribution.

"China is willing to share growth opportunities with the rest of the world. Honeywell has invested heavily in China, and we are picking winners," he said.

"China is already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China is now at the cutting edge of solar technology and low-carbon transport, and leads the world in embracing non-carbon renewables such as wind, solar, and geothermal biomass," he said.

"Central banks and investors may absorb the market surplus as they seek gold for portfolio diversification and possibly as a hedge if inflationary pressures return on the substantial stimulus measures injected amid the global health crisis," she added.