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China has become the second-largest destination for investment from the US. Chinese companies made direct investment of more than billion in the US in 2015, surpassing US investment in China for the first time.

China could consider lifting its budget deficit target to 3.5 percent this year, up from 2.8 percent in 2019. This will increase fiscal spending by 1 trillion yuan, contributing to part of the stimulus outlay.

China has also committed to expanding its gas pipeline networks, with natural gas pipelines reaching 123,000 kilometers by 2025, when all Chinese cities with more than half a million residents each will have access to natural gas consumption, according to the National Development and Reform Commission.

China has embarked on a development trail with no precedent example to follow, according to Jiao Yang, the university's Party chief who serves as the director of the institute, citing the Belt and Road Initiative.

China has made consistent strides in developing maglev technologies and has achieved major breakthroughs in research and engineering practices.