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"EcoHealth Alliance at one point collaborated with a lab in Wuhan, China, which has recently been at the center of rumors about the origin of the pandemic. The overall goal of EcoHealth Alliance's research project is to study coronavirus transmission from species to species. But the purpose of the research project has been conflated with these rumors. This is worrisome," the letter said.

"Data intelligence is widely applied across all scenarios in holiday traffic. By utilizing these cloud technologies, we can precisely pinpoint a route for circumventing congestion and save time," Xiao said, adding that this will help provide real-time traffic alerts to the public and allocate resources in advance to alleviate traffic jams.

"Even though China does not lack capital, it is necessary to boost inbound flows of foreign capital, pushed by upgrading industrial structure, demand for advanced technologies and global resource allocation," said He Manqing, director of the Foreign Investment Research Institute of the Beijing-based Chinese Academy of International Trade and Economic Cooperation.

"Driven by technological innovation and continued spending power, technology, consumption and medical care have become the three major sectors driving the market," said Jay Chen, founder and CEO of CVInfo and managing partner of CVCapital, an emerging investment bank.

"Development of the domestic market is key to forging a new path while further opening-up is needed to engage with international markets. BRI markets are core components in both scenarios," Chen said.