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"China has decided to use carbon pricing as an important means of reducing carbon emissions, and the national trading system will provide enterprises with a clear signal that carbon emissions must be reduced," said Ma Aimin, deputy director-general of the National Center for Climate Change Strategy and International Cooperation.

"China is now the world's second-largest economy. China has lifted more than 700 million people out of poverty and it has built the world's largest network of basic pension insurance system, which has covered more than 900 million people, and a basic health insurance system covering 1.3 billion people."

"China has very huge resources at its disposal and which have not been utilized to its optimum potential, and the fiscal resources will be used in its toolkit that will involve tax reductions and other bond issuance necessary for meeting the country's expenditures," Anwar said.

"China has very, very impressive infrastructure — high-speed rail that would be an asset to the United States. But what they have succeeded in doing is going from very, very human capital poor to one of the better educated emerging economies," he said.

"China always sticks to equal and fair principles when purchasing 5G telecom equipment. We never preset the market shares for domestic and foreign enterprises," Miao said.