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Another southern Chinese city expected to be a major beneficiary of the GBA is Guangzhou in Guangdong province, which has seen its ranking at ninth in terms of investment and 13th in development prospects this year.

Apart from China Everbright, Shanghai Pudong Development Bank has also made an application to open a subsidiary in Luxembourg.

Anxieties over new energy vehicles' mileage are being alleviated - both by new models that can run farther and the growing charging network.

Anxious traders at work on the floor of the New York Stock Exchange on March 26, when the world's bourses re-opened for the week's trading. The previous week was tumultuous, which saw leading indexes and stocks across the board slump on fears of a possible trade war between China and the United States, and how it could affect the global economy. [Photo/Agencies]

Another issue is that a third of China's investment comes from state-owned enterprises, which creates a sense of concern.