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"China has made significant progress in financial inclusion," said the IMF in a report, after it assessed the country's financial sector performance during the past five years. "High levels of account penetration, savings, and usage of payments services have been achieved."

"China is by far the most important market to grow, and has the biggest growth opportunity," Kapitany said.

"But we also see a high dependence on lithium imports as about 80 percent of lithium used in China between 2011 and 2015 was from overseas," Wen said. "To find our own lithium resources is an urgent need."

"China is in a very different place today than it was some decades ago and is now in a position of global leadership in the technology sector. That's at the core of China's growth model," said David Firestein, inaugural executive director of China Public Policy Center in the University of Texas at Austin.

"By 2025, fuel cell technology will be mature. The number of fuel cell vehicles may have hit 50,000 to 100,000 units," said Ouyang Minggao, an academician of the Chinese Academy of Sciences and a new energy vehicle expert, according to Economic Daily.