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China is implementing an innovation-driven development strategy, building a system that nurtures innovation in green energy technologies, and upgrading energy technologies and equipment in an all-round way. Basic research on energy, innovation in generic and disruptive technologies, and original and integrated innovation have been strengthened. China has also started to integrate digital, big-data and AI technologies with technologies for clean and efficient energy exploration and exploitation, with a focus on smart energy technologies, to foster new growth drivers for industrial upgrading.

China is implementing the largest tax and fee cut of recent years, saving enterprises and individuals nearly 1.35 trillion yuan (9 billion) in the first seven months of this year. As a tradeoff, governments at all levels are told to "tighten their belts."

China is the company's fastest growing market with more than 3,000 stores across 136 cities. By 2021, it will have 5,000 stores in the country. It is also the biggest revenue driver for the firm as its same store sales in the country increased 8 percent in the third quarter of this year, while other stores in the Asia-Pacific region rose only 3.2 percent.

China is now home to more than half of the world's high-rises. Of these, 680 are more than 200 meters tall. In addition, 310 have been built in the country since 2015, compared with just 33 in the United States during the same period.

China is in no rush to take policies in interest rate cutting and quantitative easing, and the monetary policy will remain prudent, Yi said.