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"China is removing the cap on overseas ownership of joint ventures in the country. The progress has already been seen in the automobile sector. The telecoms industry is highly likely to be the next one to benefit from the change," Fu added.

"China only needs 6.3 percent year-on-year growth to achieve its target of doubling GDP by the end of 2020 from a decade earlier as scheduled," he said. In the 2020s, China's economic output is likely to grow at moderate pace, by around 5 to 6 percent year-on-year, according to Liu.

"But now, we don't need them to apply or fill in documents before giving assistance," Wang said. "We find children who may need help by using big data from many agencies, such as the disabled persons' federation, the public security bureau and the health department.

"But there remains huge development space in China's financial sector. The country's faster pace in opening-up has offered those growth opportunities to global investors, providing a safe haven for investment and shoring up confidence," Bian said.

"China Unicom has made a big step in its reform and laid a foundation for the subsequent reforms of other State-owned enterprises," Li said.