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An overwhelming majority of China CEOs, 91 percent, view "technological disruption" as more of an opportunity than a threat, an increase from 75 percent in 2017.

Analysts said that deepening legal and administrative reform, transforming the roles of the government in economic activities and creating a level playing field and a transparent business environment hold far-reaching significance as the country's economic expansion decelerates and the economy undergoes a long-term transition toward an innovation- and consumption-driven growth model.

Andy Zhao, president of Nielsen China, saw a shift in the Chinese economy from high-speed growth to high-quality growth in 2018 due to favorable policies on trade, private firms and micro and small enterprises.

And vehicle owners often choose to leave their ride at home, opting instead for a fixed-price motorcycle that can zip through Jakarta's epic traffic congestion - at a bargain-basement prices.

Analysts believe the aim of PetroChina is to have a foothold in emerging markets and grow market share locally.