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"Growth of shadow banking assets will remain constrained in 2018 due to tight regulations. These include banks' off-balance sheet wealth management products and asset management products originated by non-bank financial institutions, which were the fastest-growing shadow banking products in 2015. Trust loans and entrusted loans, the remaining growth driver in 2017, are also under regulators' spotlight," said global credit ratings agency Moody's in its Quarterly China Shadow Banking Monitor report issued in May.

"From lightweight vehicles to the need for water treatment, this constant call for quality of life is bringing us substantial opportunities here," he said.

"For example," said She Guiqing, the court's vice-president, "the identities of lawyers and litigants must be verified through a facial recognition system, and evidence online is protected by blockchain technology to prevent it from being falsified." He said that the process of a lawsuit will be seen via the court's e-platform, which will reduce traffic costs to litigants and make judicial work more transparent.

"For a very long period of time, the 'made-in-China' tag came to signify cheap and low-value products," he said. "With technology improving electronic and digital toys, the global market might have a new view on Chinese products.

"For all foreign financial institutions in China, the world's second-largest credit market is definitely appealing and will inspire a wider array of cooperative models and tailored products among domestic and local players," Lai said.