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"China's door of opening-up will never be closed. It will only open still wider," he said.

"Could there be a better place in the world to fuse Eastern and Western cultures?"

"Chinese shipbuilders have some advantages over the traditional shipbuilding powers including South Korea and Europe. For instance, the country's shipbuilders are good at making 'tailor-made' ships," Hu noted.

"China's current public debt level, by our definition, which is a broad definition, is still moderate in an international context," said Alfred Schipke, the IMF's senior resident representative for China.

"China's demand for IDCs will see a rapid rise as the country expedites the use of 5G and internet of things technologies. We expect the market volume of China's IDC industry to grow around 30 percent year-on-year from 2019 to 2020, hitting 200 billion yuan (.5 billion) in 2020," Wang said.